(Feb 20): Jollibee Foods Corp, the Philippines’ largest restaurant operator, said it signed a definitive agreement to acquire a Korean hot pot brand for around US$87 million (RM339.92 million). A subsidiary will buy All Day Fresh Co Ltd, which is behind Seoul-based hot pot and eat-all-you-can chain Shabu All Day, Jollibee said in a statement on Friday. The purchase “reinforces the company’s commitment to its Chinese cuisine segment and franchising initiatives, while providing entry into the global hot pot category,” Jollibee said. It generates annual system-wide sales of US$285 million, Jollibee said. Private equity firm Elevation will retain its 30% stake in All Day Fresh and remain as a strategic partner, Jollibee said.

Source: The Edge Markets February 20, 2026 07:17 UTC