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Jollibee Amplifies Asian Footprint with Hot Pot Acquisition and Compose Coffee Expansion
Retail News Asia· 2026-02-19 07:19
Core Insights - Jollibee Foods Corporation (JFC) is accelerating its expansion in Asia through acquisitions and the introduction of new brands, including a South Korean hot pot buffet chain and a coffee brand in the Philippines [1][7] Group 1: Acquisition Details - JFC has acquired a 70% majority stake in All Day Fresh Co, which operates Shabu All Day, for approximately $87 million. Shabu All Day has grown to 169 stores in South Korea since its establishment in 2014 [2] Group 2: Beverage and Dining Growth - JFC's portfolio now includes Compose Coffee, which enhances its presence in both beverage and full-service dining sectors. Compose Coffee has rapidly expanded to nearly 3000 stores in South Korea since its founding in 2014 [3][4] Group 3: Sales and Store Expansion - JFC reported record preliminary systemwide sales of ₱122.3 billion (approximately $2.1 billion) in Q4 2025, marking a 12% year-on-year increase. The total number of stores grew by 5.9% to 10,341, the highest in the company's history [5][9] Group 4: Global Operations - JFC operates 576 stores in China, 348 in North America, and 437 across Europe, the Middle East, Asia, and Australia. The company’s brand portfolio includes 985 Highlands Coffee outlets, 1079 The Coffee Bean & Tea Leaf stores, 357 Milksha locations, 2972 Compose Coffee stores, and 83 Tim Ho Wan branches [6]