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The company was founded on September 28, 1954 by John Gokongwei, Jr. [6] under the name Universal Corn Products (UCP) after Gokongwei decided to construct a corn milling plant to produce glucose and cornstarch. In 1961, Consolidated Food Corporation (later known as CFC Corporation) was established.
San Miguel Corporation was a big customer of theirs. In 1961, he established Consolidated Food Corporation (later known as CFC Corporation, which later merged with Universal Robina Corporation), which launched its instant coffee brand Blend 45. In 1977, Gokongwei earned his Master of Business Administration from De La Salle University.
Key subsidiaries include Universal Robina and Cebu Pacific. Incorporated in November 1990, JG Summit Holdings was founded by John Gokongwei Jr. , one of the wealthiest individuals in Southeast Asia . [ 2 ]
Gokongwei began his career joining the family business as a management trainee at Universal Robina Corporation (URC). [8] He sold Jack ’n Jill snacks to supermarkets, groceries, and sari-sari stores. [9]
Founded by Filipino industrialist John L. Gokongwei, Jr. in 1980, Robinsons Retail started as Robinsons Department Store in Robinsons Place Manila. It expanded into supermarkets in 1985, DIY in 1994, convenience stores and specialty stores in 2000, and drugstores in 2012.
Universal bank P A United Coconut Planters Bank: Financials Banks Makati: 1963 Universal bank, defunct 2022 P D Universal Robina Corporation: Consumer goods Food products Quezon City: 1954 Foods and beverages, part of JG Summit Holdings: P A University of Mindanao Broadcasting Network: Consumer services Broadcasting & entertainment Davao City ...
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The company was founded in August 1998 as a subsidiary of parent company Snack Foods Limited, with main product lines including Kettle, Cheezels, Natural Chip Co and Thins. The company was acquired by Philippines food and beverage company Universal Robina in 2016 for AUD$600 million (US$461 million) and it is currently owned by the German snack ...