Logo of Phnom Penh Post newspaper Phnom Penh Post - Tanncam buys 65% Vibe stake

Tanncam buys 65% Vibe stake

Content image - Phnom Penh Post
Vibe Cafe founder Emma Fountain holds a bowl with one of her restaurant’s menu items. VIBE CAFE

Tanncam buys 65% Vibe stake

Tanncam Investment Co Ltd, an Uzbek-owned investment group registered in Cambodia with holdings in the healthcare, e-commerce, consulting, and food and beverage sectors, has acquired a 65 per cent stake in Vibe Cafe Hospitality, a press release said on Monday.

The company has not disclosed the value of the share in the deal which was closed on June 9.

Vibe Cafe Hospitality is Cambodia’s leading vegan and health food restaurant group with two outlets in Phnom Penh and one in Siem Reap.

In addition to vegan and health food restaurants, the group is a wholesale distributor of its proprietary products, a leading provider of rejuvenating cleansers and lunchboxes, and an innovator in unique health food and vegan recipes.

The group recently entered into the franchising and restaurant consulting business.

Vibe Cafe founder Emma Fountain will retain 31 per cent ownership and remain as CEO.

“The global health food industry is booming as people are adopting healthy eating habits, not only for body and mind wellness, weight control and for a better nutritional diet, but to live longer and to avoid chronic diseases such as diabetes and cancer,” she said.

As part of the agreement, Tanncam will inject additional capital to accelerate the franchising opportunity, according to Fountain.

“We have incubated and developed an incredibly successful health food business in Cambodia with attractive payback periods, loyal customers, and robust financial returns. With Tanncam’s support, we have a fantastic opportunity to expand the model globally through franchising,” she said.

Cambodian Investment Management CEO Anthony Galliano said health and vegan food is no longer a niche market segment. It’s a trillion-dollar industry which is a movement that is just getting started, growing rapidly and gaining extensive acceptance.

This is Tanncam’s first investment in the food and beverage industry.

MOST VIEWED

  • ‘Kingdom one of safest to visit in Covid-19 era’

    The Ministry of Tourism on January 12 proclaimed Cambodia as one of the safest countries to visit in light of the Kingdom having been ranked number one in the world by the Senegalese Economic Prospective Bureau for its success in handling the Covid-19 pandemic. In rankings

  • Ministry mulls ASEAN+3 travel bubble

    The Ministry of Tourism plans to launch a travel bubble allowing transit between Cambodia and 12 other regional countries in a bid to resuscitate the tourism sector amid crushing impact of the ongoing spread of Covid-19, Ministry of Tourism spokesman Top Sopheak told The Post on

  • Kingdom accepts Chinese vaccine, PM first to get jab

    Prime Minister Hun Sen said China would offer Cambodia an immediate donation of one million doses of the Covid-19 vaccine produced by the Sinopharm company. In an audio message addressing the public on the night of January 15, he said Cambodia has accepted the offer and

  • Reeling in Cambodia’s real estate sector

    A new norm sets the scene but risks continue to play out in the background A cold wind sweeps through the streets of Boeung Trabek on an early January morning as buyers and traders engage in commerce under bright blue skies. From a distance, the

  • Quarantine site in north Phnom Penh inaugurated

    A four-building quarantine centre in Phnom Penh’s Prek Pnov district was formally inaugurated on January 6. The centre can house up to 500 people, according to Phnom Penh municipal governor Khuong Sreng. At the inauguration ceremony, Sreng said the municipal hall had cooperated with the Ministry

  • ‘Beware of WhatsApp fraudsters’

    The Ministry of Posts and Telecommunications warned members of the public who use WhatsApp to vigilantly guard against a new trick employed by hackers that involves the use of six-digit codes sent to potential victims via the popular messaging app. The ministry said hackers could