Jollibee to close 255 stores after suffering over $200 million loss in first half of 2020
PHILIPPINE fast food giant Jollibee Foods Corporation (JFC) is the latest brand to feel the impact of the coronavirus pandemic after it suffered financial losses due to enforced lockdowns in the country. In a disclosure to the Philippine Stock Exchange, the fast-food giant reported a net loss of P10.171 billion from April to June, reversing…