Jollibee Foods to Acquire 70% of Compose Coffee Stake for $238 Million

Jollibee Foods, the Philippines’ leading fast-food chain, announced a significant move towards global dominance in the coffee market. The company is acquiring a majority stake in Compose Coffee, a South Korean coffee chain, for a total of $340 million. Jollibee Worldwide Pte, a subsidiary of Jollibee Foods, will hold the majority stake, 70% in Compose Coffee, valued at $238 million, while their affiliated Titan Fund will hold an additional 5%. The remaining 25% will be owned by private equity firm Elevation.

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