Saturday 26 May 2018
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Reuters
3 months ago

Philippines Jollibee raises stake in US-based Smashburger Master

MANILA (Reuters) - Philippine fast-food giant Jollibee Foods Corp said it would pay $100 million for a 45 percent stake in Smashburger Master, making it the majority owner of the U.S. hamburger chain, as it steps up its global presence.

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