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2 CÈ pieces since 24 September 2026: 1 deal, 1 intel item. Newest first.All companies →
Highlands Coffee's founder already owned 40%, so why pay US$88 million for 11% more?
David Thai, who founded Vietnam's Highlands Coffee, is buying 11% back from Philippine owner Jollibee for US$88 million, lifting his stake from 40% to 51%. The deal values the 1,062-outlet chain at about US$800 million.
A US$800M coffee chain returns to its founder: David Thai buys Highlands control from Jollibee for US$88M
Thai's Viet Thai International buys 11% from the Philippine fast-food group, lifting his stake to 51%. Highlands runs 1,062 outlets; a Vietnam share listing is expected in the first quarter of 2027.