Jollibee Foods Corporation (JFC), one of the largest Asian food service companies, continues to perk up its coffee business with the planned acquisition of a majority stake in “most loved South Korean value coffee brand” Compose Coffee Co. Ltd. for $340 million. In a disclosure to the...
Jollibee Foods Corporation, one of the largest Asian food service companies, is banking on franchisees to ramp up its global expansion into new areas, aiming to triple its net income in five years. During the firm’s annual stockholders’ meeting, Jollibee President and CEO Ernesto Tanmantiong...
Jollibee Foods Corporation continues its aggressive growth plan for North America by opening the first Jollibee branch in Seattle, Washington. In a statement, Jollibee said its new branch joins its two existing Washington State locations: Tacoma, which opened in October 2023, and Tukwila, which is...
Jollibee Foods Corporation, one of the largest Asian food service companies, will continue to slowly expand its presence in China, targeting 100 new stores to augment its existing 560 stores despite prevailing challenges that has led to lower same-store sales growth. Jollibee Group Chief Financial...
Jollibee Foods Corporation, one of the largest Asian food service companies, reported a 26.9 percent growth in attributable consolidated net income to P2.62 billion in the first quarter of 2024 from the P2.06 billion earned in the same period last year (SPLY). Jollibee Group President and CEO...
Jollibee Foods Corporation, one of the largest Asian food service companies, is amending its Articles of Incorporation so it can no longer directly own real estate, a move that will pave the way for more foreign shareholders in the most successful homegrown Filipino brand. In a disclosure to...
Jollibee Foods Corporation (JFC) is seeking to grow its presence in the United States through the expansion of its flagship Jollibee, which is aimed at the fried chicken market, while continuing to develop its Mexican food brand Tortazo. JFC Chief Finance Officer Richard Shin In a media...
Jollibee Foods Corporation, through the S$100-million investible funds from Titan Dining II LP (Limited Partnership), is planning to bring one of its foreign brands to Asia while further developing the group’s Chinese cuisine category. Jollibee Foods Corporation Chief Finance Officer Richard Shin...
Jollibee Foods Corporation (JFC), one of the largest Asian food service companies, reported that its wholly owned subsidiary Jollibee Worldwide Pte. Ltd. (JWPL) is investing an additional S$90 million ($66.56 million) for its Asian businesses through Titan Dining II LP (Titan Fund II). In a...
Jollibee Foods Corporation (JFC), through its wholly owned subsidiary, Jollibee Worldwide Pte. Ltd. (JWPL), is acquiring a 10 percent stake in automated coffee and tea dispenser firm Botrista Inc. for $28 million. In a disclosure to the Philippine Stock Exchange (PSE), JFC said it has signed...
Jollibee Foods Corporation announced the appointment of Denise Nelsen as first female chief executive officer for its fast-casual better burger brand - Smashburger. As the new Smashburger CEO, Denise Nelsen will drive innovation and growth for the brand, all while fostering a culture of...
Jollibee Foods Corporation (JFC), one of the largest Asian food service companies, is investing P20 billion to P23 billion for capital expenditures this year as it projects to sustain its growth to record-breaking levels in 2024. In a disclosure to the Philippine Stock Exchange, the firm said capex...
