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Branding Food & Beverage News

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

Jordan

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.

Read Time:1 Minute, 59 Second
Branding Campaigns Food & Beverage

Pringles Introduces New Puffy Snacks, Ditch the Can for Bags

Jordan

Pringles is soaring into uncharted territory with Pringles Mingles, their first-ever foray into the world of puffed snacks.  This innovative offering ditches the brand’s conventional can for a whole new format but still maintains the flavour mastery Pringles is known for. The brand also debuted its first bagged snack in more than 15 years with Pringles Mingles.

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