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Vietnam is the only country (besides the Philippines) to have 100 or more Jollibee outlets. The first Jollibee branch in Vietnam was opened in October 1996 at the Superbowl Mall in Ho Chi Minh City. [49] By 2010, Jollibee had 10 locations in Vietnam, all located in Ho Chi Minh City except for a lone branch located in Bien Hoa City. [49]
Overseas, Jollibee opened 93 stores, led by Yonghe King in China (70) and Jollibee Vietnam (11). [ 20 ] It has 1,668 locations across 17 countries as of July, 2024 with its recent opening in Canada, the brand's 100th store in North America.
Jollibee is a Filipino chain of fast food restaurants owned by Jollibee Foods Corporation (JFC) which serves as its flagship brand. Established in 1978 by Tony Tan Caktiong, it is the Philippines' top fast food restaurant [3] and is among the world's fastest growing restaurants, [4] expanding its international presence from 2014 to 2024 almost sixfold. [5]
Jollibee had signed an agreement to make their joint venture firm ‘Superfoods Group’ to list at the Vietnam Stock Exchange. Superfoods is the owner of Highlands Coffee and other brands, such as Pho 24. In addition to being the fastest-growing joint-ventures of Jollibee, Superfoods has $55 million worth of annual sales.
In 2019, the Philippines' Jollibee Foods Corporation (JFC) acquired The Coffee Bean & Tea Leaf for $650 million, making Jollibee's biggest investment to date. [6] JFC bought it through Java Ventures LLC, a company from the US wholly owned subsidiary of Super Magnificent Coffee Company Pte. Ltd. in Singapore , a subsidiary of Jollibee Worldwide ...
Analysts predicted Jollibee, which was experiencing weak third-quarter results and stock performance, would also benefit financially. [14] Jollibee's chief financial officer of twelve years, dela Rosa was the one who successfully negotiated the stock swap with Kuan. Caktiong offered dela Rosa the role of Chowking's new CEO and president.
Tan Caktiong was born on January 5, 1953 in the then-undivided province of Davao (in now Davao del Sur) to Chinese immigrant parents from Fujian. [6] His father worked in a restaurant in China and as a cook in a Buddhist monastery in Manila before setting up his restaurant in Davao City. [7]
A red envelope, red packet, lai see (Chinese: 利是; Cantonese Yale: laih sih), hongbao or ang pau (traditional Chinese: 紅包; simplified Chinese: 红包; pinyin: hóngbāo; Pe̍h-ōe-jī: âng-pau) is a gift of money given during holidays or for special occasions such as weddings, graduations, and birthdays. [1]