MANILA -- Philippine fast food chain Jollibee Foods (JFC) is buying a controlling stake in one of South Korea's largest coffee shop chains, Compose Coffee, to raise its brand profile across Asia.
Business deals
Philippines' Jollibee to buy South Korea's Compose Coffee for $238m
Acquisition adds coffee chain to fast-food purveyor's portfolio
A Compose Coffee store in Seoul. Philippine fast food giant will enter the highly competitive South Korean cafe market. (Photo by Steven Borowiec)
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