Jollibee in US$350 mn coffee brand takeover

Philippines’ Jollibee Foods Corp. said on Wednesday it is spending US$350 million to buy US brand Coffee Bean & Tea Leaf. In a filing to the Philippine Stock Exchange, Jollibee said it had entered into an agreement through its wholly owned subsidiary Jollibee Worldwide to invest US$100 million in a new Singapore-based holding company to acquire 100% […]