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Jollibee Group acquires majority stake in Korea’s Compose Coffee for $340 million

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Jollibee Foods Corporation chairman Tony Tan Caktiong says buying a majority stake in Compose Coffee will help the FIlipino-grown group become the 'fastest growing and leading value coffee player in South Korea'

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MANILA, Philippines – Filipino global food chain Jollibee Foods Corporation is acquiring 70% of Compose Coffee, among South Korea’s most popular low cost coffee stores. Compose Coffee is the fastest growing coffee chain in South Korea, with 2,470 franchised stores. It boasts the largest in-house coffee roasting plant in Korea, which enables it to distribute specialty beans at low cost.

JFC said Compose Coffee is the biggest acquisition in terms of number of stores, bringing the group’s total store network closer to 10,000 stores. More than 66% of JFC’s stores are already outside the Philippines.

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