All Day Fresh Acquired by Jollibee Foods — Consumer M&A

Jollibee Foods has acquired All Day Fresh, a restaurant franchise business in South Korea, for about $85 million. Jollibee Foods acquisitions bring control of All Day Fresh Co., the parent of the premium hot pot buffet chain Shabu All Day, expanding Jollibee’s presence in Korean consumer dining. The strategic acquisition supports Jollibee Foods’ cross-border growth in the restaurant franchise acquisition segment by adding a new hot pot concept to its portfolio in South Korea. The add-on acquisition is announced and valued at roughly 120 billion won, with Jollibee Foods acting as a strategic buyer and targeting further regional expansion in consumer M&A.