The chain, owned by Jollibee, has reduced its US presence by 84 locations since 2020 due to rising costs and shifting consumer trends.
The Coffee Bean & Tea Leaf has closed 84 US stores between 2020 and 2022, accelerating a years-long decline in its domestic footprint. The chain, acquired by Jollibee Food Corporation in 2019, once operated over 1,100 global locations but has struggled with pandemic disruptions and rising operating costs.
Prior to the pandemic, the company exited Manhattan in 2016, signaling broader challenges in maintaining its US presence. While it continues expanding in Asia, its US strategy has shifted away from growth amid changing consumer habits and market pressures.
The closures reflect a broader trend of consolidation among mid-tier coffee chains as competition from larger players intensifies.