Jollibee is seeking to boost growth by expanding its brand internationally, including in China, and by expanding its coffee and tea business. — Reuters
MANILA: Jollibee Foods Corp, the Philippines’ largest restaurant operator, will acquire a 70% stake in South Korea’s Compose Coffee in its latest move to grow its coffee and tea business.
The investment 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,” Jollibee said in a stock exchange filing.
