Jollibee M&A spree shows appetite for growth beyond Philippines

MANILA -- Jollibee Foods, the Philippine's biggest restaurant company, is also one of the country's hungriest for deals.

Just this month, Jollibee said Taiwanese drink subsidiary Milkshop International would take a 70% stake in the operator of Taiwan's Moon Moon Food chain of family restaurants for 103.8 million New Taiwan dollars ($3.18 million).