Search results
Results from the WOW.Com Content Network
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]
In December 2018, Jollibee acquired 100 percent of the shares in Smashburger, gaining full control of the American hamburger chain. [38] On September 7, 2018, Jollibee Foods Corporation announced its acquisition of a 47% stake in US-based Mexican food restaurant, Tortas Frontera of Rick Bayless for $12.4 million. [39]
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]
Customers preferred the new fare, so Tan Caktiong pivoted, settling on the name “Jollibee”—a combination of “jolly” and the industrious “bee.” Tanmantiong became manager of Jollibee ...
Jollibee launched its first mainland China branch in Xiamen in 1998 but later closed in 2001. [97] Jollibee focused on acquiring already popular restaurant chains in China. [98] However, in their drive to expand the company's foreign presence faster, they are now considering returning to the mainland Chinese market. [99] Northern Mariana Islands
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 ...
Analysts predicted Jollibee, which was experiencing weak third-quarter results and stock performance, would also benefit financially. [14] Jollibee's chief financial officer of twelve years, dela Rosa was the one who successfully negotiated the stock swap with Kuan. Caktiong offered dela Rosa the role of Chowking's new CEO and president.
Full line insurance Alabang: 1910 Insurance P A Integrated Micro-Electronics, Inc. Industrials Electronic equipment Biñan: 1980 Electronics, part of Ayala Group: P A Intercontinental Broadcasting Corporation: State media Broadcasting & entertainment Quezon City: 1960 State broadcaster S A Interisland Airlines: Consumer services Airlines Pasay ...