MANILA -- Jollibee Foods said on July 24 it will buy the Los Angeles-based Coffee Bean and Tea Leaf chain in a move that pits the Philippines' largest fast-food group against coffee giant Starbucks and cash-rich private equity firm JAB Holdings.
Analysts, however, question whether Jollibee will be able to turn around the loss-making coffee chain given its struggle to do so with its other troubled U.S. assets.
By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Please review our
to learn how you can update your cookie settings.