HOMEGROWN fast-food giant Jollibee Foods Corp. (JFC) bared its strategic plans for soon-to-be acquired South Korean coffee chain Compose Coffee.
HOMEGROWN fast-food giant Jollibee Foods Corp. bared its strategic plans for soon-to-be acquired South Korean coffee chain Compose Coffee.JFC Chief Financial Officer Richard Shin told analysts that the acquisition disclosed by the company earlier this month could be approved by the Korea Fair Trade Commission next month.'We anticipate sometime mid to end August. To be conservative, let's just call it end-August.
JFC's majority owned Titan Fund and South Korean private-equity firm Elevation will take the remaining 5 percent and 25 percent, taking the total transaction to around $340 million or KRW470 billion.'The profit margins in this business are extremely lucrative,' Shin said, adding, 'what I really love about this deal is that a 2 percent top line revenue contribution creates a 12 percent EBIT bottom line contribution.
Bares Plans For Compose Coffee
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