Jollibee Food Corp to acquire 70% stake in South Korea’s Compose Coffee for $238m

With nearly 2,600 stores across South Korea and a presence in Singapore, Busan-based Compose Coffee will become JFC’s largest brand by outlets and joins coffee chains The Coffee Bean & Tea Leaf and Highlands Coffee

Filipino foodservice group Jollibee Food Corporation (JFC) is set to grow its coffee chain portfolio through acquiring a controlling 70% stake in fast-growing South Korean coffee chain Compose Coffee for $238m.