Jollibee Buys Coffee Bean for $350 Million; Shares Fall 8%
A Jollibee Foods Corp. restaurant stands in Quezon City, Metro Manila, the Philippines. (Photographer: Veejay Villafranca/Bloomberg)

Jollibee Buys Coffee Bean for $350 Million; Shares Fall 8%

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(Bloomberg) -- Jollibee Foods Corp. will spend $350 million to purchase loss-making Coffee Bean & Tea Leaf, its largest acquisition. Shares of the Philippine’s biggest restaurant company fell the m...
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