FILIPINO fast-food giant Jollibee Foods Corp. (JFC) has fully acquired Michelin-starred restaurant chain Tim Ho Wan following the purchase of its remaining stake held by other investors. Through its wholly-owned subsidiary Jollibee Worldwide Pte. Ltd. (JWPL), JFC signed a deal to purchase the remaining 15% interest held by investors in Titan Dining LP for 71.56…
THE pandemic is not stopping Filipino fast-food chain Jollibee from reaching its goal of opening 450 restaurants around the world in 2021. Jollibee CEO Ernesto Tanmantiong said he is looking toward global expansion while looking for acquisitions that could be funded with the company’s P57.5 billion ($1.2 billion) in cash and short-term investments. “There are…
POPULAR Filipino fast-food chain Jollibee recently opened its first location in Delano, California as part of its 2021 expansion plans in North America. The Delano location is along Woollomes Ave., complete with a drive-thru option for customers to get their Chickenjoy fix. It opened last Dec. 20. This year, the fast-food giant is set to…
Fast-food chain returns to Mira Mesa, CA Popular fast-food chain Jollibee has set its sights on 2021 and will add 28 stores to its North American network, 19 in the United States and nine in Canada. The 2021 expansion will mark Jollibee’s largest-ever addition to its North American store network in company history as it…
PHILIPPINE fast-food giant Jollibee’s best-selling Chickenjoy is one of the best fast-food fried chicken options in the United States, according to online magazine, Redbook. In its “The Best Fast-Food Fried Chicken” article, released on October 13 to celebrate National Fried Chicken Day, Redbook ranked Jollibee as the fourth best fried chicken in the country. “Jollibee…
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…
Jollibee opened the doors of its second store in Jersey City last week, more than a month after the inauguration of its Edison store, in the midst of the pandemic that has been slowing global economic growth. The new stores are part of the brand’s plans to grow to 150 stores in the U.S. by…
In its yearly roundup of the 100 most impactful Asian and Pacific Islanders (APIs), the nonprofit organization Gold House named eight Filipinos and Filipino Americans who have made significant contributions to American culture. Released every May in time for Asian Pacific American Heritage Month, the A100 list includes thought leaders, activists, politicians, entertainers, athletes and…
As the world navigates through a turbulent time, popular fast-food chain Jollibee wants to bring some joy to customers who are staying safe at home. With the brand’s dining rooms temporarily closed, Jollibee has invited customers to enjoy their Jollibee favorites via drive-through across select locations, call and pick-up, and take-out. Now, the public can…
FILIPINO fast food giant Jollibee Foods Corporation (JFC) is setting out to bring more Chickenjoy across North America with the opening of its headquarters in West Covina, California. The grand opening of the company’s office space on Tuesday, November 19 was attended by JFC executives, dignitaries from the Philippine Consulate in Los Angeles, local elected…
Filipino fast-food giant Jollibee Foods Corporation (JFC) was honored as corporation of the year by the Los Angeles Asian Business Association on Thursday, October 10. JFC, with its flagship brand Jollibee, was recognized for being “one of the largest and fastest-growing Asian restaurant companies in the world” during the ABA’s 43rd annual awards banquet held…
PHILIPPINE fast food giant Jollibee Foods Corp. (JFC) has completed its $350-million acquisition of American beverage and food retailer Coffee Bean and Tea Leaf (CBTL), marking it as the company’s largest acquisition to date. Jollibee on Tuesday, September 24, disclosed to the Philippine Stock Exchange (PSE) that it has completed all the necessary closing conditions…
The Department of Tourism (DOT), in partnership with Filipino fast food chain Jollibee, launched the “Eats More Fun in the Philippines” campaign over the weekend in a bid to take the promotion of the country’s food tourism to the next level. The campaign is aimed at inviting food enthusiasts and tourists alike to visit the…
Eight Philippine companies secured spots on Forbes Asia magazine’s inaugural “Best Over a Billion (BOB)” list, which highlights the 200 top-performing listed companies across the Asia-Pacific region with revenues of more than $1 billion. “The goal is to find the region’s best-run companies that are doing well on not just one metric but across many…
STOCK prices for Philippine food giant Jollibee Foods Corp. (JFC) dropped 8 percent this week, following the announcement that it will acquire the Coffee Bean & Tea Leaf for $350 million. Investors were unimpressed with Jollibee’s purchase of the Los Angeles-based coffee company as its stock price closed at P251 on Wednesday, July 24. The…
Philippine fast food giant Jollibee Foods Corp. (JFC) on Wednesday, July 24, disclosed that it will be acquiring United States-based The Coffee Bean & Tea Leaf (CBTL) through a $100 million investment. The $100 million is JFC’s initial investment. Jollibee Worldwide Pte Ltd, its Singapore-based subsidiary that owns Java Ventures, LLC. in the United States,…
PHILIPPINES’ Jollibee Foods Corporation (JFC) is planning to take legal action against JoyRulBee in China for trademark infringement after a photo of the latter restaurant — bearing the same store design and color motif — made its rounds all over the internet. “Our legal team has been taking the necessary steps in order to protect…
U.S.-based burger chain Smashburger has been fully acquired by Jollibee Foods Corp. following the purchase of its remaining stake in the Filipino-owned fast-food chain for $10 million (P526 million). Jollibee first acquired Smashburger with an initial stake of 40 percent, which was later raised to 85 percent back in February. Jollibee, in a regulatory filing…
Hong Kong — President Rodrigo Roa Duterte and his family on Thursday, April 12, visited a branch of Filipino fast-food chain Jollibee at Whampoa, Hung Hom. On the last day of his working visit here, the President dropped by Jollibee along with his partner Honeylet Avanceña, daughters Davao City Mayor Sara Duterte-Carpio and Kitty, and…
