Jollibee Foods Corp. acquires 70% stake in South Korea's Compose Coffee for $340M, serving as a gateway to the international value coffee market.
Jollibee Foods Corp., the largest restaurant operator in the Philippines, has acquired a 70% stake in South Korea's Compose Coffee for $340 million. The acquisition will serve as Jollibee's "gateway in unlocking the fast-growing international value coffee market in South Korea, which ranks third globally in terms of coffee consumption per capita." The deal will increase Jollibee's global store network to 10,000.
July 02, 2024
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