Filipino Chicken Chain Jollibee Purchases the Coffee Bean & Tea Leaf | Eater
"A highly popular Filipino fried-chicken chain with a devoted fan base, it has been expanding via acquisitions as part of a diversification strategy: after buying a burger chain in 2018, it recently paid $350 million for a California-based coffee chain to gain access to a large, profitable network of locations—especially across Asia—aimed at accelerating growth and increasing revenue outside its core market." - Tim Forster
