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The group in May 2018 announced its plan for a further shift to the franchising model within the next five years in a bid to boost the company's growth. 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 ...
Magsaysay left his management job at Wendy's and the first Potato Corner, a cart in Mandaluyong, opened in October 1992. Within thirty days, all of them were able to pay back their loans. [3] [4] Former logo used until 2023, but still used in their packaging. After their initial success, they began to consider expanding through franchises.
The Shawarma Shack is a Philippine food franchise known for its "buy one, get one free" shawarma wraps. It started on February 21, 2015, as a nightly ambulant food stand in Divisoria, Manila operated by Walther Uzi Buenavista and Patricia Collantes. [1] As of 2024, it has over 800 outlets and 1000 employees throughout the Philippines. [1] [2]
The word franchise is of Anglo-French derivation—from franc, meaning 'free'—and is used both as a noun and as a (transitive) verb. [2] For the franchisor, use of a franchise system is an alternative business growth strategy, compared to expansion through corporate owned outlets or "chain stores". Adopting a franchise system business growth ...
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 .
Overseas Employment Development Board (OEDB) – To "promote the overseas employment of Filipino workers through a comprehensive market and development program". Bureau of Employment Services (BES) – responsible for the regulation of "private sector participation in the recruitment of (local and overseas) workers".
The agency was founded as the Welfare and Training Fund for Overseas Workers through Letter of Instruction No. 537, signed by President Ferdinand Marcos on May 1, 1977. [ 4 ] [ 3 ] It was renamed into the OWWA through Executive Order No. 126, signed by President Corazon Aquino on January 30, 1987. [ 5 ]
The Philippine Overseas Employment Administration (POEA; Filipino: Pangasiwaan ng Pilipinas sa Empleo sa Ibayong-dagat [2]) was an agency of the government of the Philippines responsible for opening the benefits of the overseas employment program of the Philippines. It is the main government agency assigned to monitor and supervise overseas ...