Thursday, May 19, 2022
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business

Jollibee expanding to UK, Italy, Oman

Jenniffer B. AustriabyJenniffer B. Austria
November 1, 2015, 11:50 pm
in Business
Reading Time: 2 mins read
A A
78
SHARES
Share on FacebookShare on TwitterShare on Email

Fastfood chain operator Jollibee Foods Corp. is expanding its global footprint by bringing its flagship store Jollibee to five new markets next year, including the United Kingdom, Italy, Canada, Malaysia and Oman.

It also plans to open Jollibee stores in Australia and Japan in 2017, a company executive said over the weekend.

Jollibee vice president for international operations Dennis Flores said in an interview at the recent 41st Asia Pacific Retailers Convention and Exhibitions the company’s move to venture into new markets was in line with its thrust to make Jollibee a global brand.

“At present, Jollibee is present in two continents but in the next two years, we will see Jollibee in four continents,” Flores said.

The company said its first two stores in Europe would be located in London and Milan while the company’s first store in Canada would be in Toronto.

ADVERTISEMENT

Flores said with the company’s venture in Oman, Jollibee would be present in all areas in the Middle East.

Jollibee’s aggressive expansion over the past years propelled the company to be ranked first in Asia and 10th in the world in terms of market capitalization among publicly listed quick-service restaurants.

Flores said Jollibee also continued to expand in existing markets such as Vietnam and Brunei.

Jollibee currently has 69 stores in Vietnam and plans to add 20 new stores while there are 12 Jollibee stores in Brunei, with 12 more slated for opening over the next six months.

Jollibee last week also completed the acquisition of a 40-percent interest in US-based burger chain Smashburger for $99.47 million.

The acquisition will make Jollibee’s presence in the US more significant and will make US one of Jollibee’s growth drivers of long-term growth, along with the Philippines, China and Filipino markets abroad.

The fast-food giant also has an option purchase up to an additional 35 percent of Smashburger between 2018 and 2021 and the balance of 25 percent between 2019 at the earliest and 2026 at the latest.

Jollibee has a network of 3,013 stores globally, including 2,384 in the Philippines and  629 outlets overseas.

It also has a 50-percent interest in joint ventures Highlands Coffee (Vietnam, Philippines), Pho24 (Vietnam, Indonesia, Cambodia and Korea) and 12 Sabu (China).

International unit Jollibee Worldwide Pte. Ltd. and its partner Jasmine Asset Holding Ltd. also formed Golden Cup Pte. Ltd. to be the main franchisee of the Dunkin’ Donuts brand in China. 

Jollibee earned P2.7 billion in profit in the first half, out of P47.9-billion revenues.

 

Tags: jollibee expanding
ADVERTISEMENT
Jenniffer B. Austria

Jenniffer B. Austria

Related Posts

GDP growth expected to remain intact at 6.2%

byOthel V. Campos
May 18, 2022, 8:40 pm
0
152
Policy rate kept at 2% in MB’s last meeting this year

Macquarie Bank of Australia said the Philippine economic growth in 2022 will remain intact at 6.2 percent under the new...

Read more

Megaworld says it has no unpaid taxes with the BIR

byJenniffer B. Austria
May 18, 2022, 8:35 pm
0
175
Megaworld eyes P6b from Bulacan project

Megaworld Corp. of tycoon Andrew Tan, the biggest lessor of office spaces, said Wednesday that it has no outstanding or...

Read more

SSI Group, Gucci establish P350-m partnership in PH

byJenniffer B. Austria
May 18, 2022, 8:30 pm
0
170
SSG Group, Metro Retail incur losses

SSI Group Inc. (SSI) has entered into a P350-million joint venture partnership with G Distribution B.V. (Gucci) in a bid...

Read more

Pag-IBIG Fund financed 5,411 homes for low-wage earners in four months

byManila Standard
May 18, 2022, 8:25 pm
0
149
Pag-IBIG Fund members save more than P52b

Pag-IBIG Fund financed 5,411 socialized homes for minimum-wage and low-income members in the first four months, top executives said Wednesday....

Read more

US company buys S. Cotabato feed mill, raises output

byOthel V. Campos
May 18, 2022, 8:20 pm
0
153
US company buys S. Cotabato feed mill, raises output

Global animal nutrition company ADM announced Tuesday the acquisition of a feed mill in Polomolok, South Cotabato from South Sunrays...

Read more

7 German firms keen on cold chain sector

byOthel V. Campos
May 18, 2022, 8:15 pm
0
152
7 German firms keen on cold chain sector

At least seven German companies are looking for investment opportunities in the Philippines or local partnerships in the cold chain...

Read more
ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App