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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 ...
Jollibee Foods Corporation: Jollibee: Fast food: 1978 [9] Jollibee Foods Corporation: Fast food which serves American-influenced Filipino cuisine. An off-shoot of a Magnolia ice cream parlor franchise established by Tony Tan Caktiong in 1975. [9] Goldilocks Bakeshop: Bakery: 1966: KFC: Fast food: 1967 [10] Yum! Brands: American fast food chain ...
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.
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. [ 32 ] [ 33 ] [ 34 ] In 2006, Jollibee Menu purchased 70% of Shanghai-based restaurant Lao Dong in June and Taichung-based Chun Shui Tang tea house.
He wanted to adopt the fast food format, providing an alternative to the leading Western-style fast food chains such as Jollibee and McDonald's. [5] Chowking Food Corporation was incorporated on February 19, 1985. The principal investors were Kuan, Jollibee founder Tony Tan Caktiong and Wilson Chu. After two years, Kuan and Caktiong bought Chu ...
Then, in 2006, Jollibee bought out the remaining shares of its partners in Greenwich for ₱384 million, giving rise to a new company known as the Greenwich Pizza Corporation. [3] The franchise experienced rapid expansion from the original 50 stores in 1994 to over 240 stores with an annual revenue of over ₱4 billion in 2005.
Jollibee of the Jollibee Foods Corporation is often referred to as McDonald's Philippines primary competitor. [4] [17] The Philippine fast food industry is led by Jollibee, with McDonald's placing second with The Economist in 2002 noting the Philippines as one of the few markets where McDonald's is not the leading fast food chain. [18]
Delivery services Manila: 1988 Cargo airline, part of 2GO Group: P A 2GO Group: Industrials Delivery services Manila: 1949 Transportation holding company P A Aboitiz Equity Ventures: Conglomerates - Cebu: 1989 Consumer goods, utilities, financials, industrials P A ABS-CBN Corporation: Conglomerate Media and entertainment Quezon City: 1946