Jollibee to acquire Compose Coffee for P14B

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Jollibee will acquire South Korean coffee leader Compose Coffee Company for $238 million, in a deal that pegs CCC’s enterprise value at approximately $340 million (~P20 billion). 

for $238 million , in a deal that pegs CCC’s enterprise value at approximately $340 million . taking the remaining 5%. CCC has 2,470 franchised stores and a “debt-free balance sheet”. JFC said that CCC will be consolidated into its financials “immediately upon completion of the acquisition”; it estimates CCC’s inclusion to “uplift” revenues by 2% and push its total store count closer to its 10,000-store goal.

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Jollibee to take control of SKorea coffee brandHOMEGROWN fast-food giant Jollibee Foods Corp. will acquire a majority stake in South Korea's Compose Coffee as part of a deal valuing the target at $340 million, the company said on Tuesday.
Source: TheManilaTimes - 🏆 2. / 92 Read more »