Announced
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.
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