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Tag: Jollibee

Retail Asia04/10/2023
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Food

Jollibee Singapore opens first drive-thru store

2min0
Jollibee Singapore has opened its 20th location in Singapore – and its first in the city to feature a drive-thru service – at Caltex Jurong Spring station. “This milestone coincides with our 10th anniversary in Singapore, during which time we have expanded from a single outlet in Lucky Plaza to 20 stores across the country, […]
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Retail Asia29/09/2022
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Food

Jollibee plots Tim Ho Wan expansion in China

4min0
Philippine fast food chain operator Jollibee Foods on Wednesday said it will inject over $60 million into its dim sum chain, Tim Ho Wan, to expand in mainland China, where strict COVID-19 lockdowns have battered the restaurant industry. Jollibee, which aims to join the likes of McDonald’s and Yum Brands as one of the world’s […]
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Retail Asia09/11/2021
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Food

Jollibee takes stake in Milkshop

2min0
Jollibee Foods Corp has acquired a majority stake of Milkshop International, operator of Taiwanese milk tea chain Milksha, through its subsidiary Jollibee Worldwide. The acquisition deal, equivalent to 51 per cent ownership, is valued at approximately US$12.8 million. Meanwhile, one of the co-founders of Milkshop will retain the remaining 49 per cent. “This gives JFC […]
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Retail Asia12/08/2021
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Food

Jollibee takes full control of Tim Ho Wan business

2min0
Jollibee Foods Corp (JFC) is to buy out its minority joint-venture partners in the private-equity firm that owns the Tim Ho Wan business, giving the Philippine company full control. Jollibee Worldwide, which already owns 85 per cent of Titan Dining, will pay US$52.7 million for the remaining stake in the business which owns the brand […]
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Retail Asia21/07/2021
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Food

Jollibee plans to open Tim Ho Wan outlets in China

3min0
The Jollibee Group opened their third Michelin-starred Tim Ho Wan branch in China on Sunday, July 11, in Shanghai’s Changning District, located at Nanfeng City Shopping Mall. The new store is located a few minutes away from the Shanghai Hongqiao International Airport. Customers can expect the usual mainstays of the famous Hong Kong dimsum restaurant […]
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Retail Asia22/10/2020
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Food

Jollibee increases stake in Tim Ho Wan

2min0
Despite uncertainties in the food industry due to the coronavirus pandemic, Jollibee Foods Corporation is increasing its stake in the ultimate holding entity of popular restaurant chain Tim Ho Wan. Through its subsidiary Jollibee Worldwide, it increased its stake in the Michelin-starred restaurant to 85% from 60% by purchasing the 25% interest of Aragon Investments in Titan Dining, […]
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Retail Asia17/04/2020
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Food

Jollibee Singapore fined for flouting social-distancing rules

2min0
A Jollibee Singapore outlet is among several businesses fined SG$1000 for breaches of the government’s social distancing mandate. Official enforcement measures found the franchise’s Woodlands MRT branch had neglected to ensure queueing customers and food delivery workers maintained one-meter spacing between them, despite issuing previous warnings. “The infringements included failure to implement a crowd management […]
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Retail Asia24/03/2020
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Food

SM, Jollibee roll out emergency packages for employees

3min0
As the community quarantine continues all over Luzon, Philippine conglomerate SM Group has committed to maintaining regular pay for all of its employees, without deductions from their vacation or sick leave entitlements. The company will also give a US$97.64 (Php5000) additional payment to security staff and janitors, who the company describes as front liners. Hans […]
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Retail Asia24/02/2020
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Food

Jollibee profit slides despite strong last quarter

2min0
Philippine restaurant brand Jollibee Foods suffered a 14.4-per-cent drop in earnings last year after operating income fell by 25.1 percent. However, a strong fourth quarter prevented a worse annual result, with operating income up 11.6 per cent on a 23.2-per-cent boost on systemwide sales. “Practically all brands in the Philippines improved their same-store sales growth […]
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Retail Asia02/12/2019
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Food

Jollibee Expedites North American expansion

2min0
Filipino fast-food chain Jollibee plans to expand its store network in North America to 250 by 2023. Its parent company Jollibee Foods Corporation (JFC) said it is committing to further expand the brand in North America, having identified the region as a key growth market. There are currently 46 Jollibee outlets in North America, with […]
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Retail Asia22/11/2019
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Food

Jollibee Opening Tim Ho Wan restaurants in China

2min0
Filipino restaurant operator Jollibee Foods Corporation (JFC) has signed a joint venture agreement with Dim Sum to operate Tim Ho Wan restaurants in China. JFC’s wholly-owned subsidiary Golden Plate will own 60 percent of the joint venture and Dim Sun will own the remaining 40 percent. The two companies have committed to invest US$13 million […]
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Retail Asia01/11/2019
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Food

Jollibee is expanding in the UK with more outlets

2min0
Filipino fast-food chain Jollibee is set to open its second UK restaurant, in Liverpool. Bee World UK, part of the Jollibee Foods Corporation, has already submitted a plan to transform a Lush store on Whitechapel into its flagship restaurant in the northwest England city. The expansion comes after the successful opening of its first UK […]
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Retail Asia26/08/2019
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Food

Jollibee expands into Alberta eyeing 100 new restaurants

2min0
Jollibee Canada is continuing its expansion, opening its first store in Alberta this Friday, (August 16) at Edmonton. The store will be the Philippine-founded fast-food group’s fifth store in Canada, as it sets out to build a network of 100 outlets there within five years. The chain recently opened other locations in Winnipeg and the […]
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Retail Asia19/08/2019
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Food

Smashburger weighs down Jollibee results

2min0
Jollibee’s Smashburger and Red Ribbon business units significantly dragged down the restaurant operator’s first-half profits. Jollibee Foods Corporation says the company’s net income attributable to shareholders was P1.1 billion (US$21.1 million) in the second quarter – half that of the preceding three months. First-half profit was down 34 percent on the same period last year. […]
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Retail Asia12/08/2019
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Food

Jollibee bought The Coffee Bean & Tea Leaf

2min0
Philippine restaurant operator Jollibee Foods is to buy US cafe brand The Coffee Bean & Tea Leaf outright for US$350 million. The acquisition is Jollibee’s largest to date, and will involve a $100 million investment in a new Singaporean holding firm to handle the process, constituting an 80 percent equity of the business. The $250 […]
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