Search results
Results from the WOW.Com Content Network
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 launched its first mainland China branch in Xiamen in 1998 but later closed in 2001. [97] Jollibee focused on acquiring already popular restaurant chains in China. [98] However, in their drive to expand the company's foreign presence faster, they are now considering returning to the mainland Chinese market. [99] Northern Mariana Islands
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.
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.
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]
Calinog was already a developing community when the Spaniards came between the 16th and the 17th Century. In the early 18th Century, Calinog was established as a permanent settlement following the system of town planning as prescribed by the Law of the Indies: a town plaza surrounded by the church, Municipal Tribunal, school and public market.
In 1900, a big group of evacuees from Calinog arrived and joined those who were hiding. They escaped from the American soldiers, who were avenging the death of their fellow soldiers massacred by Filipinos. A year after, some returned to Calinog but others opted to stay and made farms. The two settlements wanted to unite and establish a community.