Jollibee to acquire 70% of stake of Compose Coffee for $238m.

Jollibee, a Filipino multinational restaurant chain company, agreed to acquire 70% of stake of Compose Coffee, a coffee shops chain, for $238m. “The investment will serve as gateway in unlocking the fast-growing international value coffee market in South Korea, which ranks third globally in terms of coffee consumption per capita,” Jollibee.