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Coffee latest news

Jollibee to acquire Compose Coffee for P14B - philstar.com - Philippines - South Korea

Jollibee to acquire Compose Coffee for P14B

Jollibee [JFC 226.20, up 0.4%; 12% avgVol] [link] will acquire South Korean coffee leader Compose Coffee Company (CCC) for $238 million (~P14 billion), in a deal that pegs CCC’s enterprise value at approximately $340 million (~P20 billion). Jollibee Worldwide will own a 70% stake in CCC, with Elevation Equity taking a 25% stake, and JFC’s Titan Fund II taking the remaining 5%. CCC has 2,470 franchised stores and a “debt-free balance sheet”. JFC said that CCC will be consolidated into its financials “immediately upon completion of the acquisition”; it estimates CCC’s inclusion to “uplift” revenues by 2% and push its total store count closer to its 10,000-store goal. According to JFC, South Korea “ranks 3rd globally in terms of coffee consumption per capita.”

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Luisa Morales - Thea Gagate - La Salle flaunts pedigree with Top 4 picks in inaugural PVL draft - philstar.com - Philippines - county La Salle - city Quezon - city Manila, Philippines

La Salle flaunts pedigree with Top 4 picks in inaugural PVL draft

MANILA, Philippines – Arrows from the De La Salle Lady Spikers hit their marks Monday night as the Taft-based volleybelles went 1-2-3-4 in the selection during the historic 2024 Premier Volleyball League Rookie Draft at Novotel Manila in Cubao, Quezon City.

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Kathleen A Llemit - Regional delicacies, artisanal finds at DTI National Food Fair 2024 - philstar.com - Philippines - county Hall - city Manila, Philippines

Regional delicacies, artisanal finds at DTI National Food Fair 2024

MANILA, Philippines — All of the Philippines' bounty of fresh produce and artisanal food items is currently being sold at reasonable prices at the ongoing Department of Trade and Industry (DTI) National Food Fair 2024 in SM Megamall Trade Hall. 

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Rudy Santos - International - Transit lounge at NAIA Terminal 1 launched - philstar.com - Philippines - city Manila, Philippines

Transit lounge at NAIA Terminal 1 launched

MANILA, Philippines — A new transit lounge at the Ninoy Aquino International Airport (NAIA) Terminal 1 was inaugurated yesterday by the Manila International Airport Authority (MIAA) and Philippine Airlines (PAL).

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Dolly DyZulueta - Coffee break recipe: Ube Cake in mousse form - philstar.com - Philippines - city Manila, Philippines

Coffee break recipe: Ube Cake in mousse form

MANILA, Philippines — Chef Jill Sandique, one of today’s most accomplished Filipino chefs, is an advocate of Filipino cuisine. She has collaborated with good friend Chef Myrna Segismundo in many events promoting Filipino cuisine, especially at this time of the year, when the country ushers in the Philippine independence month of June.

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Jade Gentapa - Joey Villar - Jerry Yee - Petro Gazz - Brooke Van-Sickle - Thea Gagate - Zus Coffee eyeing Gagate - philstar.com - Philippines - county La Salle - city Manila, Philippines

Zus Coffee eyeing Gagate

MANILA, Philippines — La Salle’s Thea Gagate is bound to join Zus Coffee as the first pick in the first Premier Volleyball League Rookie Draft set July 8 at the Novotel.

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Filinvest Land is not a subsidiary of GT Capital - philstar.com - Philippines

Filinvest Land is not a subsidiary of GT Capital

I incorrectly referred to Filinvest Land [FLI] as a subsidiary of GT Capital [GTCAP] in my Friday write-up [link] about GTCAP’s potential interest in launching a REIT from its unlisted subsidiary, Federal Land Inc. FLI is a subsidiary of the Filinvest Development Corporation [FDC] of the Gotianun Family.MB BOTTOM-LINE: I don’t always get the chance to write at my laptop, so sometimes I’m writing from my phone while waiting in a building or stuck in traffic. When I do that, I sometimes refer to the companies in the story in shorthand by using their ticker symbols (GTCAP, etc) to limit the amount of fighting that I need to do with autocorrect. That’s what I did when writing this story, so I referred to GTCAP and then to its subsidiary, Federal Land Inc., as “FLI” – just as GTCAP referred to it in the disclosure that I was covering. A few hours later when I got home I went to complete the write-up by running my script which automatically converts references to ticker symbols into stock quotes (for example, it converts “GTCAP” into “GT Capital [GTCAP  554.00 ?2.5%]”). The tool converted “FLI”, a shorthand for Federal Land Inc., into a stock quote for FLI, the Gotianun Family’s real estate developer. Credit to Jewel for catching this error before the newsletter went out, but her alert to me was left unread as I stupidly wandered around looking to buy an iced coffee with my phone in my pocket. By the time I saw her note it was already too late, and I had several other notes from eagle-eyed readers alerting me to the same problem. Thank you all for reading MB so closely! Apologies for the mixup.

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Indulge in the ultimate chocolate experience with Seattle’s Best Coffee and Ghirardelli - philstar.com - Philippines - city Manila, Philippines

Indulge in the ultimate chocolate experience with Seattle’s Best Coffee and Ghirardelli

MANILA, Philippines — Embark on a rich and delectable journey with the newest sensation from Seattle’s Best Coffee: The Premium Chocolate Collection made with Ghirardelli.

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