Jollibee cleared to acquire South Korea’s Shabu All Day

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MANILA, Philippines — Jollibee Foods Corp. has obtained regulatory approval in South Korea for its planned acquisition of hot pot chain Shabu All Day, the company said.

In a statement, Jollibee said the Korea Fair Trade Commission has approved the transaction, allowing the deal to move toward completion.

Jollibee Group International chief executive officer Richard Shin said the company is preparing for the closing of the deal and the integration of the brand into its operations in South Korea.

The acquisition, to be carried out through Jollibee subsidiary Jolli-K, involves a 70% stake in All Day Fresh Co. Ltd.

"Shabu All Day is a strong operational fit for our Korea platform, with a proven format and clear levers to support continued expansion—while maintaining the brand’s quality and guest experience," Shin said.

Once completed, Shabu All Day is expected to account for about 2% of the group’s revenues and contribute around 8% to its global earnings before interest and taxes.

Shabu All Day operates about 170 stores across South Korea and is considered the country’s top hot pot brand in terms of store count. It generates system-wide sales of around $285 million annually and is known for its all-you-can-eat offering featuring premium beef and a range of desserts.

The latest development comes as Jollibee pushes its expansion in both the Korean and Philippine markets.

The company earlier said it is set to bring Compose Coffee to the Philippines this year, following the brand’s strong debut in Taiwan, where its first store drew long lines and strong initial sales.