| For many years, Jollibee has become the biggest | | | | Bakeshop, Délifrance and Manong Pepe's. Visit |
| known fast food restaurant in the Philippines. Its | | | | the <a rel="nofollow" |
| popularity to provide some of Filipino’s | | | | onclick="javascript:_gaq.push(['_trackPageview', ' |
| favorite dish have expanded not only across the | | | | outgoing/article_exit_link']);" href=" philippine< |
| Philippines and Asia, but all over the world, | | | | a> website to learn more about this. |
| especially where Filipino expatriate gather mostly | | | | Apart from those acquisitions, Jollibee also made |
| such as in the US. | | | | other acquisitions of fast food restaurants outside |
| The majority of the success of Jollibee isn’t | | | | of the country. In 2004, Jollibee acquired Chinese |
| only because of its reputation for offering Filipino | | | | fast food chain Yonghe King for $ 22.5 million. Visit |
| style American fast food, but because of its | | | | On August 26, 2008, that Jollibee formally signed |
| expansions through acquisition of other popular | | | | the P 2.5 billion ($ 55.5 million) deal with |
| restaurants in present in the Philippines. | | | | Beijing-based Hong Zhuang Yuan through its wholly |
| The first acquisition that Jollibee did was with the | | | | owned subsidiary Jollibee Worldwide Pte. Ltd. Aside |
| popular fast-food restaurant, Greenwich. Jollibee | | | | from Hong Zhuang Yuan, Jollibee purchased 70% |
| obtained a deal acquiring 80% of Greenwich | | | | of Taipei restaurant Lao Dong in June and Chun |
| shareholding in 1994, enabling it to penetrate the | | | | Shui Tang tea house in 2006. |
| pizza-pasta segment. From a 50-branch operation, | | | | Jollibee also entered into a joint- venture contract |
| Greenwich has established a strong presence in | | | | with US-based Chow Fun Holdings LLC, the |
| the food service industry. In early 2006, Jollibee | | | | developer and owner of Jinja Bar Bistro on New |
| Foods Corp. bought out the remaining shares of | | | | Mexico, USA., in which Jollibee will have a 12% |
| its partners in Greenwich Pizza Corp., equivalent to | | | | stake in the US-based Asian restaurant for $ |
| a 20% stake, for P384 million in cash. Learn more | | | | 950,000. |
| of this by visiting the <a rel="nofollow" | | | | Now, Jollibee boast’s its 1,466 stores in the |
| onclick="javascript:_gaq.push(['_trackPageview', ' | | | | Philippines across the Philippines. And according to |
| outgoing/article_exit_link']);" href=" philippine | | | | its own <a rel="nofollow" |
| website</a>. | | | | onclick="javascript:_gaq.push(['_trackPageview', ' |
| In 2000, the company acquired Chowking, a | | | | outgoing/article_exit_link']);" href=" philippine |
| Philippine-based Chinese cuisine fast-food | | | | website</a>, it has 23 stores overseas. Also, |
| restaurant chain, predominantly selling noodle | | | | as of end-September, 2008, JFC has 1,490 local |
| soups, dimsum and rice toppings. This expansion | | | | and 228 foreign stores in its portfolio. |
| allowed Jollibee to be part of the Oriental quick | | | | "An important source of growth for our |
| service restaurant segment. | | | | corporation is the expansion of our international |
| Apart from Greenwich Pizza and Chowking, | | | | business." - Tony Tan Caktiong Chairman, Jollibee |
| Jollibee also acquired other popular fast-food | | | | Foods Corporation. |
| restaurants in the Philippines such as Red Ribbon | | | | |