UPDATE 2-Philippines' Jollibee buying Coffee Bean & Tea Leaf in overseas expansion
Published on: Wednesday 24 July 2019
MANILA, July 24- Jollibee Foods Corp, Philippines' largest food service network operator, is buying U.S. brand Coffee Bean& Tea Leaf for $100 million as part of an expansion outside its home market. Jollibee, which has a market value of nearly $5.5 billion, is buying loss-making CBTL from private equity firm Advent International and other investors including the...
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