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.


China’s Small Bank Consolidation Struggles as Profits Fall and Risks Persist
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership
AI is driving down the price of knowledge – universities have to rethink what they offer
The pandemic is still disrupting young people’s careers
China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand
California Jury Awards $40 Million in Johnson & Johnson Talc Cancer Lawsuit
Why financial hardship is more likely if you’re disabled or sick
Why have so few atrocities ever been recognised as genocide?
6 simple questions to tell if a ‘finfluencer’ is more flash than cash
Youth are charting new freshwater futures by learning from the water on the water
Yes, government influences wages – but not just in the way you might think
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High
Every generation thinks they had it the toughest, but for Gen Z, they’re probably right
Strategy Retains Nasdaq 100 Spot Amid Growing Scrutiny of Bitcoin Treasury Model
Parents abused by their children often suffer in silence – specialist therapy is helping them find a voice 



