Philippines: Jollibee acquires majority stake in US burger chain Smashburger for $100m

Smashburger
Photo: Smashburger's Facebook page

Philippine fast-food giant Jollibee Foods Corporation (JFC) is raising its stake in American hamburger chain Smashburger to majority with its planned purchase of an additional 45 per cent stake for $100 million, to be paid in cash.

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