Is CBTL owned by Jollibee?
The Jollibee Group acquired CBTL in 2019. The acquisition of the specialty coffee and tea brand was the company’s largest and most multinational so far with business presence in 24 countries. Currently, CBTL has 1,172 stores worldwide as of February 2024. The Jollibee Group’s portfolio includes nine wholly owned brands (Jollibee, Chowking, Greenwich, Red Ribbon, Mang Inasal, Yonghe King, Hong Zhuang Yuan, Smashburger and Tim Ho Wan), five franchised brands (Burger King, Panda Express, Yoshinoya, Common Man Coffee Roasters, and Tiong Bahru Bakery in the Philippines), and .
Who is CBTl owned by?
Jollibee foods corp. Philippine’s largest restaurant operator and owner of the u. s. smashburger brand, has agreed to buy the los angeles-based coffee bean & tea leaf brand in a $350 million deal. jollibee foods corporation (abbreviated as jfc; dba jollibee group) is a philippine multinational company headquartered in pasig, metro manila, philippines. Jfc is the owner of the fast food brand jollibee.Owned by Philippine multinational corporation Jollibee Foods Corporation (JFC), CBTL is pursuing its vision of becoming a top five global café brand and leading global franchisor in the coffee and tea industry, from its base in Singapore.Jollibee is a Filipino chain of fast food restaurants owned by Jollibee Foods Corporation (JFC) which serves as its flagship brand.JOLLIBEE FOUNDER Tony Tan Caktiong, born January 5, 1953) is a Filipino businessman and investor. He is the founder and chairman of Jollibee Foods Corporation, and the co-chairman of DoubleDragon Properties. The Fifth Richest Person in the Philippines in 2023, with an estimated net worth of US$3.
Who is the owner of CBTL in India?
Ekaagra Ostalaritza has exclusive rights to develop and expand US based cafe brand The Coffee Bean & Tea Leaf (CBTL) brand across India. It is backed by an avid investor and 1st Gen professional visionary, Mr Prannay Sureka, and led by a team of seasoned veterans from India’s Food & Beverage industry. Pepot Miñana – Chief Executive Officer, The Coffee Bean & Tea Leaf | LinkedIn.
Is CBTl a Filipino brand?
It was previously owned and operated by International Coffee & Tea, LLC based in Los Angeles, California, before it was acquired in 2019 by Jollibee Group, a multinational company based in the Philippines, for $350 million. As of 2024, the chain has 1,232 stores spread across 24 countries. In our biggest acquisition to date, we bought The Coffee Bean and Tea Leaf® in 2019. This international coffee and tea chain uses only hand-roasted and blended coffee beans and teas and has over 1,000 branches worldwide.