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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 ...
Jollibee at Rizal, Nueva Ecija. Tan Caktiong founded the fast-food chain Jollibee in 1978 after starting it as an ice cream parlor in 1975. [10] Expansion and acquisition of Greenwich Pizza Corp. [10] enabled it to enter the pizza-pasta segment.
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.
CEO Ernesto Tanmantiong wants to break into the world’s top five restaurant companies by market cap.
Date of first store First outlet location Current number of outlets (date of source) Notes 1 Philippines June 1978: Cubao, Quezon City: 1,151 (February 2024) [5] Jollibee has 8 outlets in Metro Manila at the time of its incorporation. It credits the Cubao branch as its first outlet.
Jollibee did not return several messages seeking comment about its timeline, but the recent applications are a sign the company is moving ahead with building the new restaurant.
In 2019, the Philippines' Jollibee Foods Corporation (JFC) acquired The Coffee Bean & Tea Leaf for $650 million, making Jollibee's biggest investment to date. [6] JFC bought it through Java Ventures LLC, a company from the US wholly owned subsidiary of Super Magnificent Coffee Company Pte. Ltd. in Singapore , a subsidiary of Jollibee Worldwide ...
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.