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.

Roblox Gets Real: E.l.f. Beauty Launches In-Game Shopping

E.l.f. Beauty has expanded its collaboration with Roblox to pioneer real-world commerce on the platform. Supported by Walmart, this initiative features a virtual kiosk in the E.l.f. Up! experience, offering limited-edition physical products and digital items. The move highlights E.l.f.’s commitment to cruelty-free beauty and innovative social commerce, engaging their vibrant Roblox community.

Translate »