Why Jollibee is leaning into K-food ahead of US listing

Jollibee Foods Corp., the Filipino fast food giant behind the namesake brand, has turned to South Korea for its latest acquisition, adding a hot pot restaurant chain to its global portfolio, in a move that appears aimed as much at Wall Street as at regional expansion. On Feb. 20, Jollibee agreed to acquire All Day Fresh, operator of hot-pot chain Shabu All Day, for $87 million through its Korean unit, Jolli-K Co., alongside private equity firm Elevation Equity Partners. The Manila-based company

By The Korea Herald