Jollibee Foods of Philippines acquires Korean hot pot chain operator All Day Fresh for $88.6 mil.
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Jollibee Foods, the leading fast food chain operator of the Philippines, said Monday it has acquired a 100 percent stake in All Day Fresh, the operator of South Korean hot pot chain Shabu All Day. With the completion of the share purchase agreement worth about 130 billion won ($88.6 million), All Day Fresh has separated from its former parent company Myungryundang and fully incorporated into the Philippine food conglomerate. All Day Fresh operates 172 Shabu All Day stores in South Korea, generat
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