Jollibee Group cedes control of Highlands Coffee with stake sale

The Manila-based foodservice group has held a 60% stake in the Vietnamese coffee chain since 2017 and supported its growth to over 1,000 stores

Photo: Nguyễn Duy Hưng

The Manila-based foodservice group has held a 60% stake in the Vietnamese coffee chain since 2017 and supported its growth to over 1,000 stores

Filipino foodservice giant Jollibee Group has sold a significant stake in Highlands Coffee, a move which sees it lose majority control of the Vietnamese coffee chain.

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