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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]
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]
Jollibee entered into a joint-venture contract with US-based Chow Fun Holdings LLC, the developer and owner of Jinja Bar Bistro in New Mexico, in which Jollibee acquired a 12% stake for $950,000. [ 29 ] [ 30 ] [ 31 ] In 2006, Jollibee Menu purchased 70% of Shanghai-based restaurant Lao Dong in June and Taichung-based Chun Shui Tang tea house.
The restaurant started expanding in 1989 and became very successful, growing to half the size of market leader Jollibee. Kuan served as Chowking's president until 2000, when he sold his 50% equity stake to the Jollibee Foods Corporation; Jollibee creator Tony Tan Caktiong was a founding business partner. By then, Chowking had 155 locations.
Fans of Jollibee’s Chickenjoy fried chicken in the United States now have fresh flavors to pair with the food lineup, as the Philippines-based chain this month unveiled a new Signature Sips menu ...
In September 2018, Panda Express announced its joint venture with Jollibee Foods Corporation to bring its stores in the Philippines. [42] A year later, in December 2019, the first Panda Express restaurant in the Philippines opened at SM Megamall in Mandaluyong. [43] More branches were opened, all located in the Greater Manila Area. [44] [45]
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 ...
Media in category "Jollibee" The following 2 files are in this category, out of 2 total. Chowking logo.svg 278 × 316; 42 KB. Jollibee 2011 logo.svg 319 × 313; 15 KB