UK Amazon Workers to Rally for Union Recognition

Amazon employees are expected to protest outside the firm’s warehouses in the UK in a dispute over workers’ rights. The GMB union told the BBC that it coincides with the start of a ballot in a “bid to force Amazon to recognise a union for the first time” in the country. A GMB spokesman also mentioned that the ballot’s results, which were expected on 15 July, could mean Amazon would be required to negotiate pay and conditions with them.

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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