Highlands Coffee founder repurchases controlling stake in deal valuing company at $800M
The Philippine-owned Jollibee Foods Corporation said Wednesday that its subsidiary JSF Investments had signed an agreement to sell the stake in SF Vung Tau Jsc, the operator of the coffee chain in Vietnam, to Viet Thai International Jsc, a company controlled by Thai. Jollibee said the transaction forms part of its portfolio management strategy of … Read more