JFC
Jollibee Foods Corporation
Press Release
Jollibee Foods Corporation Secures FTC Approval for Acquisition of Shabu All Day
🟢 High Impact
Positive
Jollibee Foods Corporation announced that the Korea Fair Trade Commission has approved its subsidiary's acquisition of All Day Fresh Co., Ltd., operator of Shabu All Day, Korea's largest hot pot restaurant chain. This acquisition is expected to enhance Jollibee's growth platform in Korea, contributing approximately +2% to Group Revenues and +8% to Global EBIT.