Jollibee Foods Corp , the Philippine fast food specialist known for fried '...
), the Philippine fast food specialist known for fried ‘Chickenjoy’ and chopped hotdogs in sweet spaghetti sauce, is doubling down on expansion plans in the United States and China that are likely to include more M&A.
That would represent a major rejig of revenue streams for Jollibee, which ranks No. 4 among Asia’s listed quick service restaurant firms, and would build upon plans to cut its reliance on its domestic market to 50% of sales in the “medium term”. In the U.S. market, it currently has five including its namesake Jollibee restaurant chain and a minority investment in Tortas Frontera, run by Michelin-starred chef Rick Bayless and which offers Mexican-inspired sandwiches at just three outlets in Chicago’s O’Hare airport.
While noting they tend to buy small, Jollibee executives say they are open to any type of acquisition if the food is good.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Weeknight Lasagna Is Real, Thanks to a Genius New TrickWeeknight lasagna is real! (Thanks to taste_cooking, recipegoddess & hezelanna) genius
Leer más »
U.S. firms sour on their future in China as trade war bites: AmChamThe China-U.S. trade war is souring the profit and investment outlook for U.S. c...
Leer más »
China exempts some U.S. goods from retaliatory tariffs as fresh talks loomChina announced its first batch of tariff exemptions for 16 types of U.S. produc...
Leer más »
Wall Street opens higher on upbeat trade moveU.S. stocks opened higher on Wednesday as China's move to ease tensions wit...
Leer más »
U.S., China grant trade concessions as fresh talks loomU.S. President Donald Trump on Wednesday welcomed China's decision to exemp...
Leer más »
As trade war deepens, a state-owned insurer in China helps soften the blowAs the U.S.-China trade war intensifies, an insurance company run by the Chinese...
Leer más »