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Tag: Jollibee

  • Jollibee Expedites North American expansion

    Jollibee Expedites North American expansion

    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 the first store opened in 1998 in California.

    The expansion plan was announced at the inauguration of its new North American headquarters in West Covina, California on Friday. It says the new 28,000sqft headquarters will serve as a center of operations for Jollibee and its sister brands Chowking and Red Ribbon.

    “The new Jollibee headquarters will ably support operations around North America in its quest to become a major fast-food player in the region,” says the company.

    Jollibee has a restaurant network of more than 1400 at home and more than 230 elsewhere abroad.

    Parent company JFC has more than 5800 restaurants in 35 countries globally, with recent investments including a joint venture to open Tim Wan Ho restaurants in China.

  • Jollibee Opening Tim Ho Wan restaurants in China

    Jollibee Opening Tim Ho Wan restaurants in China

    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 in the venture, of which up to US$7.8 million will be contributed by GPPL.

    Tim Ho Wan is a dim sum restaurant chain that originated in Hong Kong in 2009 where its Sham Shui Po outlet at 9 Fuk Wing Street has been awarded one Michelin star since 2010.

    A wholly-owned subsidiary of Titan Dining Holdings, Dim Sun already owns and operates Tim Ho Wan restaurants in Singapore.

    Currently, JFC operates three Chinese restaurant brands including Chowking, Yonghe King and Hong Zhuang Yuan. The company said that the three brands combined account for close to 20 percent of its systemwide sales.

    JFC operates 3238 restaurants across the Philippines, making it the largest restaurant operator in the country. Its brands include Jollibee, Chowking, Greenwich, Red Ribbon, Mang Inasal, Burger King and Pho24

    Overseas, JFC has 1451 restaurants across its brands Yonghe King, Hong Zhuang Yuan, Dunkin’ Donuts, Jollibee, Red Ribbon, Chowking, Highlands Coffee, Pho24, Hard Rock and Smashburger.

    Earlier this year, it has acquired Los Angeles-based The Coffee Bean & Tea Leaf.

  • Jollibee is expanding in the UK with more outlets

    Jollibee is expanding in the UK with more outlets

    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 restaurant in London’s Earl’s Court last year. The opening is set to create 70 jobs, according to the planning application.

    Jollibee’s head of international business for Europe, Dennis Flores, said last year that the company plans to continue expansion by opening 25 restaurants and creating 1,500 jobs across the UK by 2023. He also said that they expect the brand to appeal not only to the Filipinos living and working in the UK but to the locals as well.

    Further expansion will see the fast-food chain launch in new cities including Manchester and Birmingham, said Flores.

    Jollibee, known for its Chicken Joy fried chicken and Jolly spaghetti, has a network of more than 1,300 restaurants in the Philippines, making it a dominant leader in the industry. Internationally, it has more than 200 branches spanning across countries including the US, Canada, Vietnam, Singapore, Saudi Arabia, Qatar, Italy, Bahrain, Singapore, and the UAE.

    Its parent company, Jollibee Foods Corporation, also owns brands including Chowking, Greenwich, Red Ribbon, Mang Inasal, Yonghe King, Hong Zhuang Yuan and Smashburger. It also owns 60 percent of the SuperFoods Group which operates Highland Coffee and Pho24 brands in Vietnam. It recently entered into an agreement to operate Panda Express in the Philippines and to buy the Coffee Bean & Tea Leaf business globally.

  • Jollibee expands into Alberta eyeing 100 new restaurants

    Jollibee expands into Alberta eyeing 100 new restaurants

    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 Greater Toronto Area where it says local consumers lined up for hours.

    “Since opening locations in Scarborough and Mississauga over the past year, Jollibee Canada has been looking forward to serving Edmonton and making it easier for them to satisfy all of their Jollibee cravings,” said Maribeth Dela Cruz, president of Jollibee Foods Corporation North America.

    “Although Jollibee is wildly popular among Filipino-Canadians, the brand also attracts a diverse mix of adventurous foodies, curious locals and families alike.”

    She says that since the company announced plans to enter Canada it has received a high level of feedback from expatriate Filipinos across the country and others who have got to know the Jollibee brand in other countries it already operates, such as Vietnam, Singapore and parts of the US.

    Jollibee is the flagship brand of Jollibee Foods Corporation’s 14 brands, which now has more than 4500 stores in 21 countries.

  • Smashburger weighs down Jollibee results

    Smashburger weighs down Jollibee results

    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.

    The company blamed the decline on losses relating to the Smashburger chain and lower sales by its Red Ribbon bakery business.

    “On Smashburger, we introduced major changes that created short-term disruption in sales and profit but will drive sustainable sales growth and strengthen the brand health,” said Jollibee CFO Ysmael Baysa.

    While Smashburger, a relatively recent acquisition for the company, was not yet performing, Baysa says Jollibee has considerable experience restructuring businesses it buys into more profitable operations, namely Yonghe King and Hong Zhuang Yuan in China, and the Highlands Coffee business in Vietnam.

    The poor performance of Red Ribbon during the quarter was attributed to a shortage of supplies relating to the transfer of the company’s commissary kitchen to new premises south of Metro Manila.

    Last month, Jollibee announced the purchase of California cafe chain The Coffee Bean & Tea Leaf for US$350 million. It expects that business to contribute to Jollibee’s bottom line within 12 to 18 months.

    Global sales by Jollibee rose 13.8 percent in the first half, to P113.8 billion (US$2.11 billion) . Most of that growth came from its international operations, which grew by 24.9 percent, far faster than the 13.8 percent of its domestic business.

    Between January and June, the company opened 170 stores, 111 of those in its home market.

  • Jollibee bought The Coffee Bean & Tea Leaf

    Jollibee bought The Coffee Bean & Tea Leaf

    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 million balance is to be regarded as an advance to the firm, which will issue preferred shares within six to nine months to repay it. The takeover will be financed initially through a bridge loan.

    The remaining 20 percent equity in the new firm will be taken by members of the family operating Jollibee partner Viet Thai International Joint Stock Company, which runs the Highlands Coffee and Pho 24 franchises, primarily within Vietnam.

    An IPO for the new holding company is expected to be made within three-to-five years.

    The Coffee Bean & Tea Leaf is owned by California-based International Coffee and Tea. It recorded revenue of $313 million last year, however, analysts estimate it lost about $21 million.

    “The deal will bring international business’ contribution to 36 percent of worldwide sales and will bring Jollibee closer to its vision to be one of the top five restaurant companies in the world in terms of market capitalization,” said Jollibee Foods Corporation chairman Tan Caktiong.

    “Our priority is to accelerate the growth of The Coffee Bean & Tea Leaf brand particularly in Asia, by strengthening its brand development, marketing, and franchise support system.”

    The Coffee Bean & Tea Leaf operated 1189 locations as of the end of last year, around a third of which are in Southeast Asia.

  • Fast-food chain Jollibee Plans China Rollout

    Fast-food chain Jollibee Plans China Rollout

    Filipino fast food chain Jollibee may open its first location in China within the next five years.

    The firm already has a presence in the territory, where it operates the Dunkin’ Donuts franchise. It also operates eight stores in Hong Kong.

    JFC president and CEO Ernesto Tanmantiong told that the firm is currently looking for a location where there is a high Filipino population, with a view to attracting the local market afterwards.

    “We build the base and slowly cross over to the mainstream market, which is the local market,” said Tanmantiong. “We have done that successfully in Hong Kong and in Singapore.”

    The firm took legal action against a copycat restaurant in China, JoyRulBee, earlier this year.

    Jollibee will open its first store in Rome and Spain shortly while exploring other markets.

  • Jollibee Singapore to open Restaurants in Woodlands and Punggol

    Jollibee Singapore to open Restaurants in Woodlands and Punggol

    Jollibee Singapore is to open new stores at Woodlands MRT station and Waterway Point in Punggol.

    The Philippine fast-food giant is recruiting full-time and part-time staff for the stores via its Facebook page. Listed jobs include service, kitchen crew as well as managerial roles.

    Having opened its first store at Lucky Plaza in 2013, Jollibee Singapore now has six outlets: two at Lucky Plaza, and one each in Paya Lebar, Changi, Novena and Jurong East.

    In a 2017 interview, Dennis Flores, Jollibee’s president and head of international business, said the company plans to open 15 stores in the island in the next five years.

  • Jollibee Malaysia makes debut

    Jollibee Malaysia makes debut

    Jollibee Malaysia has opened its first outlet – in the beachside city of Kota Kinabalu. CEO Ernesto Tanmantiong said opening in Malaysia marked a new chapter for the group.

    “We invite Malaysians to come and see for themselves why people line up for hours.”

    Jollibee Foods head of international business, Dennis Flores, said Jollibee is beloved throughout Asia, because it appeals to diverse tastes and cultures.

    “This has propelled us to become the fastest-growing Asian restaurant company, and we are thankful for the overwhelming support. It drives us to do better for our customers, and to continue to serve delicious food with our signature warm service.”

    The Jollibee Malaysia opening follows the brand’s recent expansion into London and Manhattan as its rapidly expands its global store network to surpass 4300.

    After making its debut in the capital of Sabah, Jollibee Malaysia plans further outlets in major cities across the country.

  • Jollibee Guam flagship Restaurant Opening Early April

    Jollibee Guam flagship Restaurant Opening Early April

    Filipino fast food chain Jollibee, the largest and fastest-growing Asian restaurant company in the world, is soon to open its flagship brand in Guam.

    The first Jollibee Guam outlet will launch at Micronesia Mall on Saturday, April 6.

    “We’ve seen people queue even in extreme weather to enjoy our unique and tasty food,” said Jollibee Foods Corporation’s president and head of international business Dennis Flores. “We invite everyone – Chamorus, Micronesians, mainland Americans in Guam; everyone here in Guam – to come taste and see for themselves why people are willing to wait and line up for our food.”

    With Jollibee operating in Guam – where America’s day begins – the company says it can claim that it is serving food to more diners on American soil at any given moment of the day or night. Jollibee has 37 stores in the US.

    Jollibee, from its humble beginnings as an ice cream house in 1975, quickly grew into a fast-food giant with more than 1300 stores worldwide. Its openings have drawn queues with people lining up to 20 hours for a taste of their Jollibee favourites.

  • Jollibee Malaysia opens in Kota Kinabalu

    Jollibee Malaysia opens in Kota Kinabalu

    Jollibee Malaysia has opened its first outlet – in the beachside city of Kota Kinabalu. CEO Ernesto Tanmantiong said opening in Malaysia marked a new chapter for the group.

    “We invite Malaysians to come and see for themselves why people line up for hours.”

    Jollibee Foods head of international business, Dennis Flores, said Jollibee is beloved throughout Asia, because it appeals to diverse tastes and cultures.

    “This has propelled us to become the fastest-growing Asian restaurant company, and we are thankful for the overwhelming support. It drives us to do better for our customers, and to continue to serve delicious food with our signature warm service.”

    The Jollibee Malaysia opening follows the brand’s recent expansion into London and Manhattan as its rapidly expands its global store network to surpass 4300.

    After making its debut in the capital of Sabah, Jollibee Malaysia plans further outlets in major cities across the country.

  • Jollibee acquires Smashburger

    Jollibee acquires Smashburger

    Jollibee has taken full ownership and control of US fast-food chain Smashburger after acquiring an 85 per cent stake in February.

    The Philippine company said it paid US$10 million to acquire the remaining 15 per cent of the company and that it has made management changes.

    Tom Ryan, Smashburger founder and CEO, will take on the additional title of chief product development advisor at Jollibee Foods Corporation globally, focusing on strengthening taste and quality aspects across key brands and enhancing their relevance across global markets.

    Jose “Pepot” Minana has assumed the role of Smashburger president, including daily operations, collaborating on strategy and brand direction, and lead the continuing integration of Smashburger into the Jollibee Foods portfolio.

    Smashburger has 351 stores and accounts for 7 per cent of Jollibee’s global sales which totalled $3.4 billion last year.

  • Jollibee Malaysia plans 100 Stores

    Jollibee Malaysia plans 100 Stores

    Philippine restaurant chain Jollibee has announced plans to launch more than 100 Jollibee stores in Malaysia within the next 10 years. According to a report, the openings will include 50 stores in Sabah and Sarawak. President and head of JFC International Business for Europe, the Middle East, Asia and Australia Dennis Flores said that Jollibee would be a “welcome addition to the diversity of the food scene in Kota Kinabalu,” the Sabah state capital.

    “We believe that we can appeal to the diversity as we have seen in other countries where Jollibee has been successful, such as Vietnam, Brunei, Hong Kong and Singapore,” he said at the official inauguration of the Jollibee Malaysia grand store (which has been trading since last year) at Centre Point Sabah this week.

    Chairman and founder of JFC Tony Tan Caktiong said the company was happy with the enthusiastic welcome to the store’s opening from local customers.

    “This has given us an encouragement to reach more Malaysians with our delicious menu and friendly service,” he said.

    Jollibee operates 14 brands in 21 countries with more than 4500 stores worldwide.

  • Jollibee to sue Chinese copycat

    Jollibee to sue Chinese copycat

    Jollibee Foods has confirmed it is taking legal action against a copycat restaurant in China. A recent Facebook post which went viral featuring the Chinese restaurant – named JoyRulBee – drew much attention among internet users in the Philippines, after a Filipino couple travelling in Guangxi spotted the the familiar mascot and documented the knockoff.

    Pictures and a video showed that both the exterior and interior of the restaurant were close copies of the Jollibee brand, while the menu was also markedly similar.

    Jollibee’s response to the post indicated the firm was already aware of the existence of the copycat restaurant and has initiated legal proceedings to protect its trademark.

  • Jollibee aims for international growth

    Jollibee aims for international growth

    It’s been called the “McDonald’s of the Philippines,” and the late Anthony Bourdain dubbed it “the wackiest, jolliest place on earth.” Jollibee, a fast food chain based in the Philippines, has become one of the world’s largest restaurant franchises, with more than 4,000 stores in 23 countries, including 37 in the United States. (For comparison, McDonald’s has more than 37,000 worldwide and 14,000 in the U.S.)

    Known for its fried chicken, sweet spaghetti and “Aloha burger,” Jollibee serves fast-food with a Filipino twist: The spaghetti, for instance, includes cheese and mini hot dogs, and the fried chicken is meant to be eaten with rice and gravy.

    While Jollibee first came to the U.S. in 1998, opening locations in areas with large Asian populations including California, Hawaii and Illinois, the company’s latest investments and openings, including one near Manhattan’s Times Square, are part of a new strategy that the company hopes will make it one of the “top five restaurant companies in the world.”

    Incorporated in 1978, the company started as a pair of ice cream parlors before adding hot meals to its menu when McDonald’s announced they were coming to the Philippines.

    “We told our friends back then that we wanted to compete with McDonald’s, and they told us not to confront the giant,” Ernesto Tanmantiong, Jollibee’s CEO and younger brother of founder Tony Tan Caktiong, said. “Instead of chickening out, we served Chickenjoy.”

    The company now owns 14 global brands. In February, it acquired stakes in Smashburger and fast-casual Mexican chain Tortas Frontera, both U.S.-based companies.

    Arthur Dong, professor of strategy and economics at Georgetown’s McDonough School of Business, said the acquisitions gives them “a bigger media footprint into the North American market, and a push into becoming one of the biggest companies in the world.”

    Dong added that Jollibee’s success in the North American market, as well as its other overseas locations, makes a huge impact on the Philippine economy.

    “Any success anywhere contributes to the company’s success overall and would make Jollibee at home more successful and endure a lot more things, in terms of their future expansion opportunities,” he said.

    Jollibee’s most recent opening in New York City was highly anticipated, with some customers lining up for 20 hours.

    Dong said that the New York opening is a wise move in line with what some economists call the “dense market theory,” which suggests that when a franchise opens a location in an urban area with populations that reside and work in high-rise buildings, it increases the chances of one’s success because of that population density.

    “It’s perfect because rather than putting a billboard up to advertise their brand, Times Square is like a billboards haven itself,” Dong said. “In cities, they go from zero to 60 very quickly because of the sheer amount of foot traffic. Because this new location is near Times Square, the result of that is they’re able to capture the attention of not only natives, but people who don’t even reside from New York City, and that gives exposure to the Jollibee menu and their concept.”

    Justin Callan from the New York City neighborhood of Coney Island said that, as a non-Filipino, he has always felt welcomed at Jollibee. He and his girlfriend, Faye, were the first customers in line for Jollibee’s Manhattan grand opening on Oct. 27. “All you have to do is open up the door and let the people smell it — that’s what got me,” he said.

    Jollibee executives hope to open 150 stores in the U.S. and 100 stores in Canada over the next five years.

    “This is our entry into the mainstream, not just Filipino, market — we are catering to a bigger spectrum, and want to keep strengthening our foothold both in the U.S. and globally,” Tanmantiong, the CEO, said.