Netizens and foodies alike were surprised as news of Jollibee acquiring Coffee Bean and Tea Leaf broke out.
Not only is the Filipino food corporation set on the specialty coffee and tea brand’s local operations, it is also buying out the whole firm.
Jollibee Foods Corporation (JFC) owns a number of food chains in the country, including Greenwich, Mang Inasal, Red Ribbon Bakeshop, Chowking, and Burger King Philippines.
In a Manila Bulletin report, JFC said it would invest $100 million or PhP 5.13 billion via its subsidiary, Jollibee Worldwide Pte Ltd, in a new Singapore-based holdings company to make the acquisition of the California-based brand happen.
“The acquisition of The Coffee Bean and Tea Leaf will be JFC’s largest and most multinational so far with business presence in 27 countries,” founder Tony Tan Caktiong said.
Twitterverse quickly erupted with reactions on the acquisition from netizens and as per usual, it was nothing short of humor.
Here are some of the funniest reactions to the Jollibee-Coffee Bean and Tea Leaf news.
We guess it was meant to bee.
Damn. Jollibee just invested a hundred million dollars to acquire CBTL. That freakin' bee just did THAT. pic.twitter.com/kiqPVVhxhC
— iska ni iskay (@teppkarl) July 24, 2019
Yes, that cute and fluffy bee is hella rich.
— fre🅱 (@diefreddie) July 24, 2019
Jollibee did not come to play.
— yokyok🙂 (@aymerc0720) July 24, 2019
We can’t see how this is impossible.
still trying to wrap my head around jollibee acquiring coffee bean and tea leaf. so like, can i please have an espresso with my chickenjoy?
— hendrix cannot swim (@bluepaxed) July 24, 2019
Chickenjoy and espresso sounds good to us.
With Jollibee buying Coffee Bean, I better see ube lattes and calamansi flavored teas. I love seeing white folks hella confused on why it's a bright purple.
"IS THIS GRAPE FLAVOR? I DON'T UNDERSTAND."
"No Becky… just try it."
— Ally Vega (@ItsAllyVega) July 24, 2019
Becky, ube lattes and calamansi-flavored tea better happen.
sabi ni @elshang_, may bago daw na mascot because of the Jollibee-Coffee Bean deal… si… Het-Tea… girl…
— Ralf Rivas (@RalfRivas) July 24, 2019
We’re sure Hetty wouldn’t mind the minor change.
Daming na trigger sa JolliBean este Jollibee buying Coffee Bean 😂
— Logarius 🇵🇭 (@schdnfrd2) July 24, 2019
Sounds like a good name to us.
Beans na ang saya
— Editors of Manila 天安门广场 🇨🇳 (@edsMNL) July 24, 2019
“Bida ang beans” for a new tagline, maybe?
What are your thoughts on Jollibee acquiring Coffee Bean and Tea Leaf