Jollibee acquires majority stake in Moon Moon Food

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The story "Jollibee acquires majority stake in Moon Moon Food" was covered 2 days ago by Business Mirror, a news publisher based in Philippines.

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Jollibee acquires majority stake in Moon Moon Food - Business Mirror

Quick Summary:

Jollibee Foods Corp.(JFC) on Monday said its unit has signed an agreement to purchase a 70-percent stake in Taiwan’s Tien Hsia Sheng Co.Ltd.(Moon Moon Food), a company popular for its wellness soups.

Their menu is a gourmet trip through the rich tapestry of Taiwanese flavors, from the renowned chicken soup to the aromatic and savory herbal soups.

It is a highly popular restaurant brand in Taiwan, recognized by the Michelin Bib Gourmand for seven consecutive years from 2018 to present, the company said.