Wednesday, 25 January 2012

Jollibee completes SuperFoods buy-in

Business Mirror
JOLLIBEE Foods Corp. (JFC) completed on Tuesday its acquisition of a 50-percent stake in the SuperFoods Group as it eyes new expansion areas in China and Southeast Asia, a filing to the Philippine Stock Exchange showed.

SuperFoods owns and operates various brands including Highlands Coffee shops in Vietnam, Highlands Coffee packaged products and Hard Rock Café franchised stores in Macau, Hong Kong and Vietnam. It also owns the Pho24 restaurant brand with operations in Vietnam, Indonesia, the Philippines, Hong Kong, Cambodia and Japan.

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