Search results
Results From The WOW.Com Content Network
Jollibee Foods Corporation (abbreviated as JFC and Jollibee Group; [5] also known as Jollibee after its primary fast food brand) is a Philippine multinational company headquartered in Pasig, Metro Manila, Philippines. JFC is the owner of the fast food brand Jollibee.
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]
In 2015, Jollibee first indicated it would expand to Canada with plans to open the first Canadian branch in Toronto. [68] [69] The first Canadian Jollibee location opened in December 2016 in Winnipeg, Manitoba. [70] [71] The city was chosen as the first Jollibee location by JFC due to it being the Canadian city with the highest density of ...
CEO Ernesto Tanmantiong wants to break into the world’s top five restaurant companies by market cap.
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 Pte Ltd. [23] Under JFC, the company closed more stores than it opened. It started from 1,189 stores upon buying it to just 1,048 in 2021.
In October 2010, 70% of Mang Inasal was acquired by Jollibee Foods Corporation (JFC), for ₱3 billion ($68.8 million). [5] JFC acquired in April 2016 the remaining 30% previously belonging to Injap Investment owned by Inasal's founder, folding the roasted chicken and barbecue business into its operations and portfolio.
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]
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.