![Jollibee to Acquire Majority Stake in South Korea's Compose Coffee](/content/images/size/w600/2024/07/3930077c-61b6-4fc4-99cf-c5bd5d0afa21.png)
Business
Jollibee to Acquire Majority Stake in South Korea's Compose Coffee
Jollibee Foods Corp. (JFC), the Philippines' largest restaurant operator, is set to acquire a 70% stake in South Korea's Compose Coffee for $340 million. The deal will be executed through Jollibee's subsidiary, Jollibee Worldwide Pte. Ltd. Compose Coffee, which operates 2,612 stores in South