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Filipino Chain Jollibee Buys Coffee Bean & Tea Leaf for $350 Million

Purchase Expected to Give the Los Angeles Company a Jolt
A Coffee Bean & Tea Leaf store in Rialto, California. (Hanley Investment Group)
A Coffee Bean & Tea Leaf store in Rialto, California. (Hanley Investment Group)
By Karen Jordan
July 29, 2019 | 8:32 P.M.

Filipino fast food giant Jollibee Foods Corp. agreed to acquire international coffee and tea retail chain and distributor Coffee Bean & Tea Leaf in an unprecedented deal for a company seeking to become one of the world's largest casual food chains.

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