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Jollibee Buying Compose Coffee Majority Stake In $340M Deal

By Al Barbarino (July 2, 2024, 1:32 PM EDT) -- Filipino global food chain Jollibee Foods Corp. disclosed in a securities filing Tuesday it is acquiring 70% of South Korean coffee franchise Compose Coffee at a roughly $340 million valuation, through its wholly owned subsidiary Jollibee Worldwide Pte....

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