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McDonald's Philippines, known locally and colloquially and shortened as McDo [3] (), is the master franchise of the multinational fast food chain McDonald's in the Philippines. The master franchise is held by the Golden Arches Development Corporation , a subsidiary of Alliance Global Group .
PriceSmart was the first major foreign retailer to enter the Philippine market since the passage of the Retail Trade Act of 2000, which liberalized the retail sector. [3] In November 2001, PriceSmart opened its first branch on a 5,000 m 2 (0.50 ha) property in Bonifacio Global City, then known as The Fort. [4] [5] [6]
[4] [5] Finds grew to 40 branches in Metro Manila, serving as a convenience store outlet for his housing business, Camella Homes, and at his mall chain, Starmall. In 2014, the business rebranded as All Day Convenience Store, [6] expanding to 80 branches, including the conversion of existing Finds branches.
At that time 69 of the Max's Group shares are owned by the company while the rest are largely owned by its franchise stores. [4] In November 2024, the Group's third-quarter net income dropped to 68.3%. In a strategic management of its store network it decided on closures from 657 to 626 branches during the 3 quarters of the year. [5]
[1] [5] In 2018, RRHI acquired Mitsubishi's stakes in the Ministop Philippines franchise to increase its stakes to 59.1 percent from 51 percent. [6] In January 2022, AEON, the Japanese parent company behind Ministop, announced that it would pull out Ministop out of the Philippines and South Korea to focus developing the brand in its home market ...
This is a list of notable restaurant chains in the Philippines. A restaurant chain is a set of related restaurants with the same name in many different locations that are either under shared corporate ownership (e.g., McDonald's in the United States) or franchising agreements. Typically, the restaurants within a chain are built to a standard ...
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. Expanding ...
The economic history of the Philippines is shaped by its colonial past, evolving governance, and integration into the global economy. Prior to Spanish colonization in the 16th century, the islands had a flourishing economy centered around agriculture, fisheries, and trade with neighboring countries like China, Japan, and Southeast Asia.