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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 .
[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]
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]
[6] [7] [8] In 1989, Chowking started a franchise system which enabled them to enter new markets with limited resources. [3] Its first franchise opened in the provincial town of Meycauayan, Bulacan. [7] That year, Chowking had expanded to ten locations. It required ₱5–7 million to start a new Chowking franchise. [4]
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 ...
A franchise is merely a temporary business investment involving renting or leasing an opportunity, not the purchase of a business for the purpose of ownership. It is classified as a wasting asset due to the finite term of the license. Franchise fees are on average 6.7% with an additional average marketing fee of 2%. [10]
The Philippine House Committee on Legislative Franchises, or House Legislative Franchises Committee is a standing committee of the Philippine House of Representatives. Jurisdiction [ edit ]