Jollibee's Milksha to invest in Taiwan soup chain

Benise Balaoing

ABS-CBN News

<div><span class="fr-img-caption fr-fic fr-dib" style="width:950px"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/1736137016527milksha.jpg" style="width:950px" class="fr-fic fr-dib"/><span class="fr-inner" style="text-align:left">Milksha sells Taiwanese milk tea in selected Chowking stores across the Philippines. <em>Photo from Milksha PH&#x27;s Facebook page.</em></span></span></span></div><p>MANILA -- Jollibee&#x27;s milk tea unit Milksha is investing in a Taiwanese soup brand.</p><p>In a disclosure to the Philippine Stock Exchange, Jollibee said Milksha is getting a 70 percent stake in Tien Hsia Sheng Co., Ltd., which operates Moon Moon Food.</p><p>Moon Moon Food is a popular soup restaurant in Taiwan, and it has been a Michelin Bib Gourmand since 2018. </p><p>The foodie website said it is known for its signature chicken soup, which is made daily with freshly slaughtered free-range chicken.</p><p>Milksha, meanwhile, is a Taiwanese milk tea brand being sold in selected Chowking stores nationwide.</p><div><a href="https://www.abs-cbn.com/business/2024/9/13/jollibee-to-open-milksha-stores-in-us-1434" rel="noopener noreferrer" target="_blank">Jollibee to open Milksha stores in the US</a></div><p>Jollibee said Moon Moon Food is a profitable business with 13 outlets in Taiwan and one in Singapore.</p><p>&quot;This strategic move reinforces Milksha’s position as a leader in the Tea segment in Taiwan by accretively integrating Moon Moon Food’s resources and complementary offerings to enhance ability to meet evolving customer needs, further strengthening scale, valuation and expanding consumer base of Milksha,&quot; Jollibee said.</p><div><a href="https://www.abs-cbn.com/business/2024/7/25/jollibee-to-keep-compose-coffee-in-korea-for-now-1550" rel="noopener noreferrer" target="_blank">Jollibee to keep Compose Coffee in Korea for now</a></div><p>Jollibee Food Corp&#x27;s <a href="https://www.abs-cbn.com/business/2024/11/19/jollibee-eyes-continued-growth-through-international-stores-coffee-2120" rel="noopener noreferrer" target="_blank">international operations</a>, as well as its foray into coffee, have driven the company&#x27;s strong income growth in 2024.</p><p>JFC said it booked system-wide sales of P281.1 billion in the first three quarters of the year, which was 12 percent higher than in the same period last year. EBITDA from the company&#x27;s international operations grew 25.5 percent in the same period, said the company&#x27;s chief finance officer Richard Shin.</p><div><strong>RELATED STORY:</strong></div><div><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/qnDmpKQLMFc?&amp;ab_channel=ANC24%2F7autoplay=1&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span><br/></div>

Jollibee's Milksha to invest in Taiwan soup chain | ABS-CBN

Entertainment

News

Metro.Style

Sports

More

Business

Jollibee's Milksha to invest in Taiwan soup chain

Jollibee's Milksha to invest in Taiwan soup chain

Benise Balaoing,

ABS-CBN News

Published Jan 06, 2025 12:59 PM PHT

Read More:

ABSNews

ANC promo

Jollibee

Milksha

Moon Moon Food

ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.

Corporate

Investors

Governance

International Distribution

Corporate

Governance

Investors

International Distribution

NPC Seal of Registration

Privacy Policy

Terms of Service

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Advertise with Us

Privacy Policy

Terms of Service

© 2025 ABS-CBN Corporation. All Rights Reserved.