“No plan” to launch Compose Coffee in the Philippines, says Jollibee Food Corp

The Filipino foodservice group will focus on growing Compose Coffee in its home South Korean market over the next five years before seeking international opportunities

Jollibee Food Corp (JFC) is focused on maximising the growth potential of Compose Coffee’s 2,600-store portfolio in South Korea after announcing it will acquire a 70% stake in the value-focused coffee chain for $238m in early-July.