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Chowking, one of the company's fast food chain brands. JFC acquired 80% of Greenwich Pizza, a fast-food restaurant specializing in pizza and pasta, in 1994. From a 50-branch operation, Greenwich gradually established a strong presence in the food service industry.
Then, in 2006, Jollibee bought out the remaining shares of its partners in Greenwich for ₱384 million, giving rise to a new company known as the Greenwich Pizza Corporation. [3] The franchise experienced rapid expansion from the original 50 stores in 1994 to over 240 stores with an annual revenue of over ₱4 billion in 2005.
In 2000, Chowking's revenue rose to ₱2.4 billion from 1999's ₱2.08 billion. [13] To simplify its corporate structure, Jollibee merged Chowking with fellow subsidiaries Greenwich Pizza and Baker Fresh Foods Philippines in 2006 and renamed it Fresh N' Famous Foods Inc. By then, Chowking had 342 stores in the Philippines. [21]
Greenwich Pizza: Italian cuisine: 1971: Jollibee Foods Corporation: Jollibee: Fast food: 1978 [9] Jollibee Foods Corporation: Fast food which serves American-influenced Filipino cuisine. An off-shoot of a Magnolia ice cream parlor franchise established by Tony Tan Caktiong in 1975. [9] Goldilocks Bakeshop: Bakery: 1966: KFC: Fast food: 1967 [10 ...
The rumors are true: Panda Express is coming to Manila, and its first store will open in SM Megamall in Pasig City. While the official opening date is still under wraps, Jollibee Food Corporation ...
Jollibee at Rizal, Nueva Ecija. Tan Caktiong founded the fast-food chain Jollibee in 1978 after starting it as an ice cream parlor in 1975. [10] Expansion and acquisition of Greenwich Pizza Corp. [10] enabled it to enter the pizza-pasta segment.
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]
The restaurant started expanding in 1989 and became very successful, growing to half the size of market leader Jollibee. Kuan served as Chowking's president until 2000, when he sold his 50% equity stake to the Jollibee Foods Corporation; Jollibee creator Tony Tan Caktiong was a founding business partner. By then, Chowking had 155 locations.