Tycoon Tony Tan Caktiong’s Jollibee Foods Corp., the country’s biggest fast food group, saw profits jump in the first nine months of the year, driven by robust restaurant sales and contributions from newly-acquired Compose Coffee of South Korea.
Richard Shin, the Jollibee Food Corp.’s chief financial officer who is leading the group’s aggressive overseas push, will become the chair of Korean value chain Compose Coffee.