Jollibee Group drops US listing plan in favour of Hong Kong

The Filipino F&B conglomerate has also named its international division CEO, who will oversee the fast-growing Compose Coffee Highlands Coffees chains

South Korea’s Compose Coffee is the largest chain by outlets in Jollibee’s F&B portfolio | Photo: Jollibee Group

The Filipino F&B conglomerate has also named its international division CEO, who will oversee the fast-growing Compose Coffee Highlands Coffees chains

In January 2026, Filipino foodservice giant Jollibee Group announced plans to spin off its international business and list it as a standalone entity in the US by the end of 2027.

The move, designed to unlock new investment opportunities and more disciplined capital allocation for its international F&B businesses, could have significant ramifications for its branded coffee shop portfolio, which includes the Compose Coffee, Highlands Coffee and The Coffee Bean & Tea Leaf chains.

In a 1 September update on the proposed plan, Manila-based Jollibee confirmed it is now targeting The Stock Exchange of Hong Kong Limited (HKEX) for the listing.

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