Jollibee drinks up Taiwan bubble tea chain Milkshop to expand global reach

Jollibee Foods Corporation (JFC), operator of the eponymous fast food chain famous for its crispy fried chicken, is buying a majority stake in Taiwanese company Milkshop International Co Ltd in the Philippine company's first foray into the bubble tea sector that could bring it closer to its goal of being one of the world's largest restaurant businesses. JFC said its...

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