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Jollibee acquires The Coffee Bean & Tea Leaf for $350 million

Combined with Vietnam-based Highlands Coffee, the acquisition of Coffee Bean & Tea Leaf will enable Jollibee Foods Corp to become an important player in the large, fast growing and profitable coffee business.

Founder of Pho 24: Cannibalization in opening chain stores

Despite the high revenues of newly opened stores, a business will be operated ineffectively if revenues of older ones decline.

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