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After their initial success, they began to consider expanding through franchises. Magsaysay knew only the basics of franchising from his job at Wendy's and at the time it was a novel idea in the Philippines. As such, their first franchisee agreements were largely informal and their first franchisee signed a document they copied from online.
With the success of its flagship brand, JFC acquired some of its competitors in the fast food business in the Philippines and abroad such as Chowking, Greenwich, Red Ribbon, and Mang Inasal. [6] As of September 2022, [update] JFC operates more than 6,300 stores worldwide, [ 7 ] with system-wide retail sales totaling ₱ 210.9 billion .
Micro businesses in the Philippines can be defined according to the size of assets, size of equity capital, and number of employees. A typical micro business is a business that employs nine people or fewer, with assets of ₱3 million and below. In the Philippines, about 90 percent of all businesses are categorized as micro businesses.
For proof, one need look no further than the stories of Marcia and Karen, two entrepreneurs That's the premise -- and the power -- of microlending. Tiny Loans, Tremendous Returns: Tales from the ...
To augment her family's income as her husband struggled to establish his legal practice, Cruz-Reyes set up in 1928 a small carinderia at Calle de Marques de Comillas in Ermita, Manila. [2] She named her eatery Lapu-Lapu (after the Mactan chieftain who defeated Ferdinand Magellan in battle), adopted a native motif as interior decor, and served ...
The company became a real family business and grew into a chain of bookstores with branches throughout the country. In the 1990s, the chain had about 50 branches. Twenty years later, there were 145. The National Book Store became the largest bookstore chain in the Philippines and one of the largest companies in the Philippine retail industry. [3]
Reese Fernandez-Ruiz (born 1985) is a Filipino social entrepreneur and President and Founding Partner of Rags2Riches, a sustainable fashion enterprise established in 2007. [1]
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