Advertisement
Canada markets closed

  • S&P/TSX

    22,723.21
    -387.60 (-1.68%)
     

  • S&P 500

    5,446.68
    -75.62 (-1.37%)
     

  • DOW

    40,347.97
    -494.82 (-1.21%)
     

  • CAD/USD

    0.7210
    -0.0035 (-0.48%)
     

  • CRUDE OIL

    76.93
    -0.98 (-1.26%)
     

  • Bitcoin CAD

    89,825.87
    -238.94 (-0.27%)
     

  • CMC Crypto 200

    1,303.18
    -48.74 (-3.61%)
     

  • GOLD FUTURES

    2,490.90
    +17.90 (+0.72%)
     

  • RUSSELL 2000

    2,186.16
    -68.32 (-3.03%)
     

  • 10-Yr Bond

    3.9760
    -0.1330 (-3.24%)
     

  • NASDAQ futures

    18,967.75
    -537.50 (-2.76%)
     

  • VOLATILITY

    18.59
    +2.23 (+13.63%)
     

  • FTSE

    8,283.36
    -84.62 (-1.01%)
     

  • NIKKEI 225

    38,126.33
    -975.49 (-2.49%)
     

  • CAD/EUR

    0.6675
    -0.0013 (-0.19%)
     
MARKETS LIVE BLOG:

STOCKS TUMBLE AFTER WEAK U.S. DATA SPOOK INVESTORS

Nasdaq slides as much as 3%, 10 Year Treasury yield moves below 4% for first time since February

Jollibee buys $340M stake in South Korean coffee chain

Carl Samson

[Source]

Jollibee Foods, the Philippines’ largest restaurant operator, purchased a 70% stake in South Korea’s Compose Coffee for $340 million, marking its largest acquisition by store count.

Founder Tony Tan Caktiong sees Compose Coffee as pivotal in expanding Jollibee’s global footprint to nearly 10,000 stores worldwide, capitalizing on the South Korean coffee market, which is currently ranked third globally for consumption per capita. The move boosts Jollibee’s international operations to 41% of total, with analysts anticipating a 2% increase in group sales this year.

Download the NextShark App:

Want to keep up to date on Asian American News? Download the NextShark App today!