Fast food

Jollibee's purchase of US drinks brand set to transform firm

The ambitious Philippine foodservice group's purchase of Los Angeles-based chain The Coffee & Tea Leaf for $350 million shows it has developed a riskier approach to deal-making.

The Philippines' largest fast-food company Jollibee Foods Corp has made another leap forward in its ambitious overseas expansion, with an unusually risky deal in the US.

¬ Haymarket Media Limited. All rights reserved.

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