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jollibee expands coffee business amid competition from emerging startups
Jollibee Foods Corporation is expanding its coffee and tea business, which includes brands like Compose Coffee and Coffee Bean & Tea Leaf, to strengthen its position in the competitive F&B market in the Philippines. This move may lead to a clash with VC-backed startups like Pickup Coffee and Zus Coffee, which are targeting younger consumers.In other news, Swiggy has launched a new B2B platform, Assure, to provide locally sourced fresh ingredients, while the IndiaAI Mission and the Gates Foundation are collaborating to enhance AI solutions across various sectors.
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