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business.inquirer.net Jollibee acquires Coffee Bean and Tea Leaf for $350M

MANILA, Philippines - Homegrown fast-food giant Jollibee Foods Corporation (JFC) has bagged its biggest multinational acquisition to date with a US$350-million deal to take over American specialty coffee and tea brand The Coffee Bean & Tea Leaf (CBTL).

 

The total consideration for this acquisition is $350 million on a debt-free basis but Jollibee's net investment is estimated at $100 million…
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Read also:

www.philstar.com Jollibee Food Corporation to acquire Coffee Bean & Tea Leaf brandwww.philstar.com

www.manilatimes.net Jollibee to buy Coffee Bean chain for $350Mwww.manilatimes.net

businessmirror.com.ph Jollibee makes its largest US purchase, buying CBTLbusinessmirror.com.ph