Jollibee Foods Corp is negotiating to sell 10 percent to 15 percent of its stake in its Vietnamese coffee chain, Highlands Coffee, for around $800 million.
If successful, the stake sale could eventually pave the way for a Highlands Coffee IPO.
Jollibee, the biggest fast-food operator in the Philippines bought a small stake in Highlands Coffee a decade ago before taking a controlling interest.
Jollibee operates the largest food service network in the Philippines with more than 1,500 stores in 17 countries, including US brand Coffee Bean & Tea Leaf and its own fast-food chain.


Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised
Innovent Biologics Shares Rally on New Eli Lilly Oncology and Immunology Deal
Nikkei 225 Hits Record High Above 56,000 After Japan Election Boosts Market Confidence
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record
The American mass exodus to Canada amid Trump 2.0 has yet to materialize
Yes, government influences wages – but not just in the way you might think
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal
Australian Pension Funds Boost Currency Hedging as Aussie Dollar Strengthens
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains
Samsung Electronics Shares Jump on HBM4 Mass Production Report
What’s the difference between baking powder and baking soda? It’s subtle, but significant
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering
Yen Slides as Japan Election Boosts Fiscal Stimulus Expectations 



