Jollibee to take control of SKorea coffee brand

By Reuters

Jul 03, 2024 12:45 am

HOMEGROWN fast-food giant Jollibee Foods Corp. will acquire a majority stake in South Korea's Compose Coffee as part of a deal valuing the target at $340 million, the company said on Tuesday.

It will be Jollibee's largest acquisition in terms of the number of stores and continues the company's expansion overseas, which will account for the majority of its branches in the future.

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