Jollibee Group Advances Korea Growth Platform with FTC-Approved Shabu All Day Deal
Key Highlights
- Korea FTC approval secured: Regulatory clearance advances Jollibee Group’s planned acquisition of Shabu All Day
- Earnings-accretive transaction: Expected to contribute ~+2% revenues, +8% Global EBIT, and +1% store count (annualized)
- Strengthens Korea platform: Builds scale following Compose Coffee acquisition, reinforcing presence in a key growth market
- Market-leading brand at scale: Shabu All Day operates ~170 stores and leads its segment in footprint, sales, and revenues
- Strong unit economics: 2–3 year payback and high-capacity formats (~60 tables per store) support continued expansion
Metro Manila, Philippines, April 16, 2026 – Jollibee Foods Corporation (PSE: JFC) (“JFC” or the “Jollibee Group”) today announced that the Korea Fair Trade Commission has approved the planned acquisition by Jolli-K Co., Ltd. (Jolli-K), JFC’s 70% owned subsidiary, of “All Day Fresh Co., Ltd. (All Day Fresh)”, the operator of “Shabu All Day”, Korea’s largest all-you-can-eat hot pot restaurant chain.
The approval marks a key milestone in advancing the transaction and underscores the Jollibee Group’s growing scale and execution track record in Korea, following the earlier acquisition of high-ROIC coffee brand Compose Coffee.
Upon completion of the transaction, Shabu All Day is expected to contribute approximately +2%* to the Jollibee Group’s revenues, +8%* to Global EBIT, and +1%* to store count, supporting the Group’s earnings growth and further reinforcing its scale and leadership in Korea.
Ernesto Tanmantiong, Jollibee Group Global President and CEO, said: “Securing Korea FTC approval is an important milestone that advances our planned acquisition of Shabu All Day. This investment strengthens our Korea growth platform and reflects our focus on scalable, high-return concepts that support profitable growth for the Jollibee Group.”
“FTC approval moves us closer to completing the transaction, and our team is focused on a smooth close and integration. 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,” added Richard Shin, Jollibee Group International CEO and Jollibee Group Global Chief Financial and Risk Officer.
All Day Fresh is primarily engaged in the franchise and food service operations of Shabu All Day. The brand is a market leader in footprint, systemwide sales, and revenue, making it a compelling addition to the Jollibee Group’s expanding regional portfolio.
With approximately 170 stores currently in operation, Shabu All Day differentiates itself as the only brand in its segment offering a fully integrated all-you-can-eat menu centered on hot pot, with beef as the core protein, complemented by a wide selection of hot food items, and unlimited desserts and alcohol, all at a competitive price point.
Shabu All Day offers compelling unit economics, with an estimated payback period of approximately 2-3 years. This combination of scale-ready, high-capacity store formats—averaging about 60 tables per location—and attractive economics positions the brand for continued growth, supported by strong consumer demand for all-you-can-eat Korean dining concepts.
*On an annualized basis