TAIPEI (Taiwan News) — Apparel importer Collins Co. announced Friday that it is branching out into the restaurant sector by acquiring a majority stake in Hoyii Life Co.
The NT$150 million (US$4.6 million) deal will give Collins an 82.8% stake in Hoyii, the Taiwan operator of Hong Kong dim sum chain Tim Ho Wan. The acquisition will bring Hoyii and its subsidiaries into Collins’ group operations, expanding the company’s portfolio beyond apparel trading and retail and into biotechnology and renewable energy, according to CTEE.
Established in 2014, Hoyii is the exclusive Taiwan operator of Michelin-recommended Tim Ho Wan. Its subsidiary also operates Hawker Chan, a restaurant brand known for its soy sauce chicken dishes.
Hoyii has expanded its footprint in recent years, entering major shopping centers such as LaLaport Nangang. The company reported consolidated pretax profit of more than NT$30 million last year.
Through the acquisition, Collins will take control of Tim Ho Wan’s Taiwan operations while gaining access to Hoyii’s central kitchen facilities and experience in restaurant expansion. Tim Ho Wan has 16 locations across northern, central, and southern Taiwan, making the market one of the brand’s largest overseas operations.
Collins has traditionally focused on importing and operating international fashion brands. Its portfolio in Taiwan includes exclusive rights to distribute Bally, Rimowa, and Balmain, according to MoneyDJ.
