Jollibee chugs South Korea’s Compose Coffee for $340M

Quick Summary:

JOLLIBEE Foods Corp.announced last Tuesday it is buying a 70-percent direct stake in Korean coffee shop operator Compose Coffee Co.Ltd.for $340 million.

Titan Fund II, meanwhile, is focused on strategic investments in food and beverage concepts with the objective to further grow in Asia Pacific food service brands and /or bring strong global food service brands to Asia Pacific.

Compose Coffee will be Jollibee’s biggest brand in terms of number of stores.

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Article Details

Author / Journalist: VG Cabuag

Category: BusinessStartups

Markets: PhilippinesSouth Korea

Topics: Food Compose Korea Fund Asia Growth Percent Largest Stores Titan Coffee

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-02 @ 16:06:00 (5 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 651 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 21463881

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