Jollibee Foods Corp. (JFC) Announces Financial Strategy for Acquisition of Compose Coffee
Sunday, 28 July 2024, 16:20
Jollibee Foods Corp. Announces Acquisition
Jollibee Foods Corp. (JFC), a leading fast-food chain in the Philippines, is making headlines with its latest acquisition.
Details of the Acquisition
- JFC is set to acquire the South Korean coffee chain, Compose Coffee.
- The total cost of the acquisition is $238 million.
- To finance this acquisition, JFC plans to use a mix of debt and cash.
- Of the total amount, 47 percent, which is $111.8 million, will be borrowed.
Conclusion
This strategic acquisition is expected to help JFC expand its market presence in the coffee sector while optimizing its financial resources.
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