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Jollibee expects demand growth in North America, Europe

JOLLIBEE Foods Corp. (JFC) continues its expansion in North America and Europe as it sees growing demand for its Jollibee brand overseas.

Tax court grants Jollibee Worldwide’s P18-M refund

THE Court of Tax Appeals granted the petition of Jollibee Worldwide Pte. Ltd. for a refund of the P18.4-million tax it paid for 2009.

Lockdown hits Jollibee with P10-B loss

JOLLIBEE FOODS CORP. (JFC) swung to a P10.17-billion attributable net loss in the second quarter of 2020 as the coronavirus-related lockdown took a toll on the company’s global operations.

Jollibee in ‘precautionary’ fund-raising for pandemic impact

JOLLIBEE Foods Corp. (JFC) is planning to offer US unsecured securities to generate funds that will support it through the coronavirus disease 2019 (COVID-19) pandemic.

Jollibee posts P1.8-B loss, blames lockdown

JOLLIBEE FOODS Corp. (JFC) swung to a net loss in the first quarter as the coronavirus disease 2019 (COVID-19) pandemic led to temporary closure of its stores worldwide.

JFC allots P7B for business shake-up

JOLLIBEE Foods Corp. (JFC) will be spending P7 billion for its rationalization efforts across its businesses worldwide in 2020, including its move to bolster digital capacity, as it grapples with the impact of the global coronavirus disease 2019 (COVID-19) pandemic.

Jollibee reports 1.5% profit rise

JOLLIBEE Foods Corp. (JFC) recorded a 1.5% uptick in its audited 2019 bottomline to hit P6.43 billion, reversing the 14.4% drop it first reported in February.

Jollibee slashes capex as COVID-19 disrupts operations

Jollibee Foods Corp. (JFC) is cutting its capital expenditure (capex) allocation for the year to P5 billion due to the operational adjustments brought by...

Top PHL firms to support workers during lockdown

By Denise A. Valdez, Reporter MORE listed companies are allocating emergency funds to support their workers during the month-long Luzon lockdown. Jollibee Foods Corp. (JFC), the...

Jollibee reports 14% fall in earnings to P6B last year

JOLLIBEE Foods Corp. (JFC) reported a 14.4% drop in earnings in 2019, dragged by a 25.1% decline in operating income.

Jollibee completes $600M bond sale

JOLLIBEE Foods Corp. (JFC) has completed its dollar bond market debut with the issuance of $600-million guaranteed senior perpetual capital securities by its wholly-owned subsidiary Jollibee Worldwide Pte. Ltd. (JWPL).

Jollibee raises $600M from offshore debut

JOLLIBEE Foods Corp. (JFC) raised $600 million from a landmark sale of perpetual securities in its offshore capital market debut, restocking its chest after buying the company behind US specialty chain Coffee Bean & Tea Leaf (CBTL).

Jollibee turns to dollar bond market to pay for Coffee Bean

JOLLIBEE Foods Corp. (JFC) is looking at tapping the dollar bond market for the issuance of senior perpetual securities, the proceeds of which it will be used to partly pay for its acquisition of Coffee Bean & Tea Leaf (CBTL).

Jollibee opens store with 2 drive-thru lanes

JOLLIBEE Foods Corp. (JFC) is pioneering a two-lane drive-thru system in the Philippines to address the growing volume of customers ordering through the transaction option.

PHL’s first Panda Express to open on Dec. 12

JOLLIBEE Foods Corp. (JFC) is opening the Philippines’ first Panda Express store on Dec. 12 at SM Megamall in Mandaluyong City.

Jollibee to bring Tim Ho Wan chain to China

A SUBSIDIARY of Jollibee Foods Corp. (JFC) is forming a $13-million joint venture with Singapore’s Dim Sum Pte. Ltd. (DSPL) to bring the Tim Ho Wan brand in China.

Jollibee closes CBTL deal

HOMEGROWN food giant Jollibee Foods Corp. (JFC) has completed its $350-million acquisition of The Coffee Bean & Tea Leaf (CBTL), about two months after the deal was announced.

Red Ribbon, Smashburger weigh on JFC profit

HOMEGROWN food giant Jollibee Foods Corp.’s (JFC) attributable profit dropped by half in the second quarter of 2019, dragged by losses in its recently acquired US burger chain Smashburger, alongside lower sales from Red Ribbon.

Jollibee sets sights on Indonesia with CBTL beachhead

MANILA — Philippines’ Jollibee Foods Corp. is training its sights on Indonesia, with newly acquired US chain Coffee Bean & Tea Leaf (CBTL) its entry point in the economically expanding and densely populated Southeast Asian neighbor, its top officials said.

Jollibee’s overseas push may cost stock’s premium valuation

JOLLIBEE Foods Corp., one of the most expensive Philippine stocks, could see its premium valuation deteriorate as the Manila-based restaurant operator pursues overseas expansion to cut its reliance at home.

Shares decline as Jollibee plunges on CBTL deal

LOCAL SHARES fell on Wednesday mainly due to the sell-off in index heavyweight Jollibee Foods Corp. (JFC) following its acquisition of California-based The Coffee Bean and Tea Leaf (CBTL).

Jollibee forms JV with Panda Express operator

HOMEGROWN food giant Jollibee Foods Corp. (JFC) has established a joint venture (JV) firm with the owner and operator of Panda Express restaurants, as it prepares for the opening of the brand’s first store in the country.

Jollibee targets 50% revenue share from foreign stores in 5-7 years

JFC Holdings Corp., which controls the Jollibee fast food chain, said it hopes to achieve a 50/50 mix between foreign and domestic store revenue in five to seven years, noting that growth rates are stronger at its overseas locations.

Smashburger drags Jollibee income lower in Q1

EARNINGS of homegrown food giant Jollibee Foods Corp. (JFC) dropped by 14.7% in the first quarter of 2019, pulled down by losses of recently acquired burger chain Smashburger and weak consumer sentiment.

30 years on, Jollibee sits atop the food chain of its...

BANDAR SERI BEGAWAN — In one of the most densely populated residential areas of Brunei, a Jollibee drive-through outlet is being built that is poised to cement the red-and-yellow bee’s position on the top of the sultanate’s food service industry heap.

Jollibee sets P17-billion capital spending for 2019

JOLLIBEE Foods Corp. (JFC) is beefing up capital spending this year to P17.2 billion as it continues to expand its store network this year, following the homegrown food giant’s double-digit profit growth in 2018.

DoubleDragon partners with Cargill-Jollibee JV

DOUBLEDRAGON Properties Corp. has teamed up with the local unit of multinational firm Cargill for the development of industrial facilities in the country.

Jollibee takes 47% stake in US Mexican-food business

JOLLIBEE Foods Corp. (JFC) said Friday that it achieved deal closing on a US partnership to build a Mexican-themed restaurant business.

Jollibee gains full control of Smashburger

JOLLIBEE Foods Corp. (JFC) has taken full control of American burger chain Smashburger, after acquiring the remaining 15% stake in the company’s parent for $10 million.

Jollibee nets P2B in Q3 amid global push

HOMEGROWN food giant Jollibee Foods Corp. (JFC) expanded its attributable profit by a fourth from July to September, lifted by its global store expansion alongside the consolidation of American burger chain Smashburger into its portfolio.

Jollibee opens 1st store in Macau

Jollibee Foods Corp. (JFC) opened the first branch of its Jollibee fastfood chain in the Macau Special Administrative Region last week, as it continues to ramp up its global expansion.

Jollibee to introduce Panda Express in PHL

HOMEGROWN FOOD giant Jollibee Foods Corp. (JFC) is teaming up with Chinese-American restaurant operator Panda Restaurant Group, Inc. (Panda) for the introduction of Panda Express restaurants in the country.

Jollibee set to open 1st stores in London, Macau, Manhattan

HOMEGROWN FOOD giant Jollibee Foods Corp. (JFC) will be opening its first stores in the United Kingdom (UK), Macau, and Manhattan within the next few months.

Jollibee teams up with celebrity chef Bayless for Mexican restaurants in...

FAST FOOD giant Jollibee Foods Corp. (JFC) is partnering with celebrity chef Rick Bayless to expand the latter’s Mexican casual restaurant chain in the United States.

Jollibee invests $12.4 million in Mexican restaurant chain in US

Jollibee Foods Corp. said it will be venturing into the Mexican restaurant business in the US through acquiring almost half of a Chicago-based Mexican...

McDo’s Sharon-Gabby ad lands on top of YouTube’s leaderboard

THE REUNION of former celebrity couple Sharon Cuneta and Gabby Concepcion in a McDonald’s commercial handily beat four episodes of Jollibee’s ad series, “Kwentong Jollibee,” making it the most popular YouTube ad in the Philippines for the first half of 2018.

Jollibee Q2 income jumps 15% amid expansion

STRONG sales from its fastfood businesses in the Philippines and abroad helped lift Jollibee Foods Corp.’s (JFC) earnings 15% higher in the second quarter.

Jollibee ramping up global store expansion

JOLLIBEE Foods Corp. (JFC) is putting up 500 stores globally this year while scouting for new acquisitions, in a bid to have an equal contribution in sales from the local and international segments by 2023.

Jollibee invests in Tim Ho Wan franchise for Asia Pacific

By Arra B. Francia, Reporter JOLLIBEE Foods Corp. (JFC) will be investing S$45 million, or around P1.74 billion, on the private equity fund that bought...

JFC invests in Tim Ho Wan brand

HOMEGROWN food giant Jollibee Foods Corp. (JFC) will be investing 45 million Singaporean dollars, or around P1.74 billion, on the buyer of Tim Ho...

Jollibee ordered to suspend delivery website after data breach

The National Privacy Commission (NPC) has ordered Jollibee Foods Corporation (JFC) to suspend its online food delivery operations and implement preventive website security measures...

Jollibee brings Vietnamese chain to Philippines

JOLLIBEE Foods Corp. (JFC) will be bringing is Vietnamese restaurant chain Pho 24 to the Philippines, the homegrown fastfood giant disclosed to the stock...

Behind Jollibee’s heart-warming viral videos is data

For McCann Philippines, creativity's "perfect pair" is actually data.

JFC completes deal to gain control of Smashburger

JOLLIBEE Foods Corp. (JFC) has completed its acquisition of an additional stake in American burger chain Smashburger, effectively expanding the homegrown fastfood giant’s global...

DoLE orders regularization of over 7,000 workers under Jollibee group

The Department of Labor and Employment (DoLE) has ordered regular employment status for more than 7,000 workers of Jollibee Foods Corp. (JFC) contractors and...