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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 almost sixfold. [5]
Jollibee Foods Corporation and the Viet Thai International Joint Stock Company formed a joint venture named Superfoods Group, which owns and manages the Vietnamese coffee chain brand, Highlands Coffee. In November 2016, the two companies agreed to list Superfoods as a public company in a stock exchange by July 2019.
Jollibee has 8 outlets in Metro Manila at the time of its incorporation. It credits the Cubao branch as its first outlet. The first ever Jollibee branch was in Cubao, Quezon City which opened in 1975 as a Magnolia Ice cream parlor. When Jollibee was incorporated in 1978, there were 7 branches in Metro Manila.
What started as a single restaurant in Quezon City, outside Manila, is now a global operation called Jollibee Foods Corp. (JFC) that has over 6,800 locations and earned $4.4 billion in revenue in ...
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]
A month after leaving Ling Nam, Kuan and Jollibee founder Tony Tan Caktiong, [7] who was a friend of his, agreed to be business partners for Kuan's new restaurant. [4] Kuan hired an interior designer for the "modern" Chinese restaurant. To separate it from Ling Nam, he tasked an advertising agency to come up with a unique name.
Jollibee was founded in 1975 in Manila, Philippines. The chain currently has more than 6,800 restaurants across 33 countries from the United States to the United Kingdom.
[b] The Wall Street Journal called it the Philippines' most successful Chinese food chain. [14] In a televised interview, Kuan said that he sold Chowking to Jollibee because "the offer was good and it was time to let go". [15] In the 1990s, Chowking held the naming rights to Chowking Fastfood Kings, a Philippine Basketball League (PBL) team. [16]