Shabu All Day

Jollibee Foods Acquires 100% Stake in South Korean Hot Pot Chain Shabu All Day

Jollibee Foods Corp., the leading Philippine fast food chain operator, has acquired a 100 percent stake in All Day Fresh, the operator of South Korean hot pot chain Shabu All Day, for about 130 billion won ($88.6 million). All Day Fresh operates 172 Shabu All Day stores in South Korea with annual sales of around 480 billion won. The acquisition marks Jollibee's second major purchase in South Korea after Compose Coffee last year.