Philippine Jollibee to buy South Korean cafe chain for $238m - Nikkei Asia

Quick Summary:

The value of the acquisition is pegged at $238 million.

A Compose Coffee store in Seoul.

Philippine fast food giant will enter the highly competitive South Korean cafe market.

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Article Details

Author / Journalist: RAMON ROYANDOYAN

Category: InvestingFinanceBusiness

Markets: JapanSouth Korea

Topics: Philippine Content Compose South Nikkei Brand Asia Jollibee Coffee Stake Food

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-02 @ 05:26:00 (5 days ago)

News Timezone: GMT +9:00

News Source URL: asia.nikkei.com

Language: English

Article Length: 119 words

Reading Time: 1 minutes read

Sentences: 7 lines

Sentence Length: 17 words per sentence (average)

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

Copyright Owner: © Nikkei Asia

News ID: 21457259

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About Nikkei Asia

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