JOURNAL ARTICLE

Jollibee Signs Deal to Buy Korean Hot Pot Chain for $87 Million.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Morales, Neil Jerome 3 of 3

Abstract

The article focuses on Jollibee Foods Corp., the largest restaurant operator in the Philippines, announcing its acquisition of the Korean hot pot brand All Day Fresh Co. Ltd. for approximately $87 million. This acquisition includes the eat-all-you-can chain Shabu All Day, which operates 169 stores in South Korea and generates annual sales of $285 million. Jollibee aims to enhance its Chinese cuisine segment and expand into the global hot pot market through this purchase. Additionally, the article notes that private equity firm Elevation will maintain a 30% stake in All Day Fresh as a strategic partner. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/02, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2026
  • Accession Number:191725235
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