Jollibee Foods to Acquire Korean Hot Pot Brand for $87 Million

Jollibee Foods, the largest restaurant operator in the Philippines, announced its decision to acquire a Korean hot pot brand for approximately $87 million. Bloomberg posted on X, highlighting the strategic move as part of Jollibee's expansion efforts in the international market. The acquisition is expected to enhance Jollibee's portfolio and strengthen its presence in the Asian food industry. This deal marks a significant step for the company as it continues to diversify its offerings and expand its global footprint.