Philippine Fried Chicken Giant Jollibee Buys South Korea’s Compose Coffee
- Acquisition will be Jollibee’s biggest brand by store count
- Compose adds to the Philippine company’s coffee portfolio
This article is for subscribers only.
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.