Coffee Bean and Tea Leaf and boiled chicken?
Here’s some rather astonishing mergers and acquisitions news: much-obsessed-about Filipino boiled duck sequence Jollibee has purchased California coffee sequence a Coffee Bean and Tea Leaf. The sequence is mostly famous for hawking workable nonetheless forgettable caffeinated brownish-red bean extract in airports and selling malls, and for being a place where actors review scripts in a nineties.
Jollibee threw down $350 million on a Los Angeles-based cafeteria chain, that has over 1,000 locations, only underneath 300 of that are in a U.S. This isn’t Jollibee’s initial outside-the-box purchase: in 2018, it also snapped adult burger sequence Smashburger. The reason seems to be diversification: as mediocre as Coffee Bean and Tea Leaf might be, it’s essential and, of sold seductiveness to Jollibee, it has a lot of locations opposite Asia, where Jollibee wants to hillside in some-more money.
And in other news…
- That In-N-Out burger that seemed on a New York City travel wasn’t an promotion ploy: it belonged to a teen that had only flown in from San Diego. [Vice]
- McDonald’s wants to keep doing a thing where it brings equipment from a abroad menus to America. The subsequent turn will underline equipment like a McChicken McMuffin (from Japan) and France’s Grand Premium Chicken Sandwich, both certain to be secure in countries’ centuries-long culinary traditions. [Business Insider]
- Restaurant reservation complement OpenTable is removing into a smoothness business. What’s next: Will Resy make feign meat? Perhaps Facebook will get into Zuckerberg authorized dish kits? [WJLA]
- In a ultimate cradle-to-grave selling strategy, 7-Eleven is giving a college account to a baby that was innate on Jul 11…at 7:11 p.m…and weighting 7 pounds, 11 ounces. At slightest they didn’t force a relatives to name a child 7-Eleven? [NY Post]
- Beans: they make we fart, and now they only broken a overpass in North Dakota that was structurally unqualified of holding adult a lorry full of all that protein. [GQ]
- Frozen sugar-water provide Otter Pops have mislaid their zingy colors. The association switched to healthy flavors, creation a ice pops a rather pale since apparently “Louie Bloo Raspberry” is not a naturally-occurring tone or flavor. [Foodbeast]
- Antoni from Queer Eye loved lunch category when he was in school. [Instagram]