Philippines' Jollibee Foods Corp said on Wednesday (Jul 24) it is buying US brand Coffee Bean & Tea Leaf for US$100 million.
MANILA: Philippines' Jollibee Foods Corp said on Wednesday it is spending US$350 million to buy US brand Coffee Bean & Tea Leaf.
Jollibee operates the largest fast-food chain in the Philippines with 3,195 restaurants. It also operates 1,418 stores across various brands overseas."The acquisition of The Coffee Bean & Tea Leaf brand will be 's largest and most multinational so far with business presence in 27 countries," said Jollibee chairman Tony Tan Caktiong in the filing.
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