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#1
24-07-2019, 04:10 PM
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Pinoy Power: Jolibee buys over Coffee Bean & Tea Leaf for US$350m!!!
An honorable member of the Coffee Shop Has Just Posted the Following:
Jollibee Foods Corp. will spend $350 million to purchase loss-making Coffee Bean & Tea Leaf, its largest acquisition. Shares of the Philippine’s biggest restaurant company fell the most in more than two years. Jollibee will invest $100 million for an 80% stake in a Singapore venture set up with Vietnamese partners to acquire Coffee Bean, it said in a stock exchange disclosure. The rest of the amount will be in the form of advances. Los Angeles-based Coffee Bean will add 14% to Jollibee’s... Pinoy Power: Jolibee buys over Coffee Bean & Tea Leaf for US$350m!!! Click here to view the whole thread at www.sammyboy.com. 
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