Announced
Completed
Financials
Sources
Tags
Acquisition
Consumer Services: Other
United States
coffee chain
Private
Private Equity
Single Bidder
Friendly
Majority
Completed
Synopsis
Jollibee Food, Philippines’ largest food service network operator, completed the acquisition of The Coffee Bean & Tea Leaf, a coffee chain for $100m. The acquisition of The Coffee Bean & Tea Leaf brand will mark as Jollibee’s largest so far with business presence in 27 countries. Jollibee aims to accelerate the growth of The Coffee Bean & Tea Leaf brand particularly in Asia, by strengthening its brand development, marketing and franchise support system.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.