Who is the owner of Jollibee?
Jollibee Food Corporation is owned by the 11th richest person in the Philippines, Tony Tan Caktiong. Edgar Sia II has a 30% stake in Mang Inasal although it was already sold to JFC.
Who are Jollibee's customers outside the Philippines?
Outside the Philippines, Jollibee's primary customers are different per country or region. In the Middle East, Jollibee's primary market are the Overseas Filipino Workers while in Vietnam it is the local population. Vietnam has more than a hundred outlets in 2019, or majority of its outlets outside the Philippines.
Does Jollibee own Burger King Philippines?
In October 2011, Jollibee acquired a 54% stake in BK Titans, Inc., the sole franchisee of Burger King in the Philippines. On September 27, 2018, JFC announced its 50-50 joint venture with Chinese-American restaurant chain, Panda Express to bring its stores to the Philippines.
Is Jollibee the oldest restaurant in the Philippines?
Jollibee, the barong -wearing Filipino icon, is only 41 years young—hardly the oldest restaurant or franchise in the country—which makes its raging, seemingly unstoppable success all the more impressive.
How rich is the owner of Jollibee?
Tony Tan Caktiong net worth: Tony Tan Caktiong is a Chinese Filipino entrepreneur who has a net worth of $2 billion. Son of a chef, Tony Tan Caktiong opened Jollibee Foods back in 1978 with two Manila ice cream parlors.
Is Jollibee a Filipino company?
Jollibee Foods Corporation (JFC) is a Philippines-based company engaged in the development, operation and franchising of quick-service restaurants (QSR) under the trade name Jollibee.
Who is the owner of Mang Inasal?
JollibeeJollibee Foods CorporationMang Inasal/Parent organizations
Who is the owner of Mcdonald's?
McDonald's is an American multinational fast food corporation, founded in 1940 as a restaurant operated by Richard and Maurice McDonald, in San Bernardino, California, United States....McDonald's.HeadquartersArea servedWorldwide (119+ countries)Key peopleEnrique Hernandez Jr. (chairman) Chris Kempczinski (president and CEO)19 more rows
Where is Jollibee located?
Jollibee Foods Corporation (abbreviated as JFC; also known as Jollibee after its primary fast food brand) is a Filipino multinational company based in Pasig, Philippines. JFC is the owner of the fast food brand Jollibee .
How much does Jollibee own Smashburger?
In October 2015, Jollibee announced that it has acquired a 40-percent stake in Smashburger in a deal that values the American fast-casual burger chain at $335 million. In December 2018 Jollibee acquired 100 percent of the shares in Smashburger, gaining a full control of the American hamburger chain.
How many JFC stores were opened in 2011?
In 2011, JFC opened 260 new stores, of which 167 were in the Philippines led by Mang Inasal (86) and Jollibee (40). This brought the company's total number of stores to 2,001 as of the end of December 2011. The same year, Jollibee closed Manong Pepe foodchain in favor of Mang Inasal, and sold Délifrance to CaféFrance.
When did Jollibee buy Greenwich Pizza?
The company acquired 80% of Greenwich Pizza in 1994. From a 50-branch operation, Greenwich gradually established a strong presence in the food service industry. In early 2006, Jollibee Foods Corp. bought out the remaining shares of its partners in Greenwich Pizza Corp., equivalent to a 20% stake, for P384 million in cash.
Where was the first Jollibee outlet?
In 1975, Tony Tan Caktiong and his family opened a Magnolia Ice Cream parlor in Cubao, Quezon City which is credited as the first Jollibee outlet.
Where is Jollibee poultry processing plant?
In October 2016, Jollibee and Cargill formed a joint venture, C-Joy Poultry Meats Production, and broke ground on a new poultry processing facility at Santo Tomas, Batangas in the Philippines. The facility will be expected to process 45 million chickens per year.
Who owns Smashburger?
Smashburger, a food outlet chain owned by JFC based in the United States. Jollibee Foods Corporation has stakes in restaurant chains based or originating outside the Philippines such as in Mainland China, Taiwan, and United States as well as the holder of the master franchise of Burger King in the Philippines.
Who owns Jollibee in the Philippines?
There is no question that Jollibee is the most popular fastfood outlet in the Philippines. Surely, its owner Tony Tan Caktiong is a Filipino billionaire businessman! He is the founder and chairman of Jollibee Foods Corporation, and the co-chairman of DoubleDragon Properties.
When did Jollibee start?
But he didn’t just stop there. Instead, he expanded his business by creating Jollibee in 1978 after people suggested they offer something else because the customers didn’t really want to eat ice cream all the time. They served fried chicken which would soon become the famous Jollibee ChickenJoy.
What kind of food does Jollibee serve?
They served fried chicken which would soon become the famous Jollibee ChickenJoy. They also offered hamburgers and Pinoy-style spaghetti. Photo credit: TeaHub. From that humble restaurant, the brand grew into the Philippines’ most popular fastfood chain.
How much is Jollibee worth?
It is estimated that the Jollibee brand is now worth several billion pesos.". The Jollibee Food Corp. owns and operates numerous restaurant franchises in the Philippines, as well as overseas. Locally, its portfolio includes Mang Inasal, Chowking, Greenwich, Red Ribbon, Burger King Philippines.
How old is Jollibee?
Jollibee, the barong -wearing Filipino icon, is only 41 years young—hardly the oldest restaurant or franchise in the country—which makes its raging, seemingly unstoppable success all the more impressive. From an ice cream parlor that sold another man’s ice cream to a global power that saves ailing restaurant chains, ...
Why did Lumba add L and E?
An extra L and E were added to make it more recognizable as “jolly bee.”. Photo by Courtesy of Jollibee. Lumba did much more than a facelift. He risked money and face by purchasing ad space in a PBA game—a gamble for a little-known hamburger restaurant—which eventually introduced Jollibee to a wider audience.
What was the mascot of Jollibee in the 90s?
In the next decade, Jollibee continued to dominate, launching its palabok, Champ hamburger, Jolly Twirls, and in the ‘90s, the Jolly Hotdog and Peach Mango Pie. We don’t need to remind you that these continue to be bestsellers in Jollibee today. More mascots joined in, more menu items were launched.
When did Yumburger become Jollibee?
In 1978, after Jolibe became Jollibee and stopped selling ice cream, the Yumburger became its flagship product. The famous spaghetti was introcued a year later, and after that, the beloved fried chicken. By the time a rival fast-food chain planted its roots in the Philippines in 1981, Jollibee already had a strong hold on the Filipino fast-food palate. In the next decade, Jollibee continued to dominate, launching its palabok, Champ hamburger, Jolly Twirls, and in the ‘90s, the Jolly Hotdog and Peach Mango Pie. We don’t need to remind you that these continue to be bestsellers in Jollibee today.
Where was Jollibee originally from?
Before Domination: The History of Jollibee in the Philippines. It was originally "Jolibe.". It’s difficult to imagine a time when birthdays took place without the large bootylicious bee breakdancing and clapping his gloved hands, giving adults and children a good time.
Where did Jollibee's parents come from?
His parents took the whole family and emigrated from Southeast China. They settled in Davao where they opened a restaurant.
Overview
Ownership and management
Jollibee is owned by the Jollibee Foods Corporation which is based in Pasig, Philippines. JFC has been open to franchising since 1979 with over 1000 Jollibee outlets being operated by franchisees. JFC also owns other fast food brands in the Philippines such as Chowking, Greenwich Pizza, Red Ribbon Bakeshop, Mang Inasal, and Burger King Philippines.
History
In 1975, Tony Tan Caktiong and his family opened a Magnolia ice cream parlor in Cubao, Quezon City. The outlet later began offering hot meals and sandwiches upon request from customers. When the food items became more popular than ice cream, the family decided to convert the ice cream parlor into a fast food restaurant, which became the first Jollibee outlet in 1978. Management consul…
Products
Jollibee is a fast food restaurant with American-influenced items, as well as casual Filipino fare.
Among the establishment's best sellers are the Yumburger, the house hamburger first introduced during their early days of operation; the Chickenjoy, a fried chicken meal introduced in the 1980s which comes in both regular and s…
Branch locations
Jollibee started with five branches in 1978. The JFC has Jollibee branches outside the Philippines in locations in other countries in Southeast Asia, Hong Kong, the Middle East, North America, and Italy.
As of May 2019, Jollibee operates over 1,300 stores, 1,150 of which are in the Philippines, its country of origin, and 234 are situated in foreign markets.
Marketing and advertising
Outside the Philippines, Jollibee's primary customers are different per country or region. In the Middle East, Jollibee's primary market are the Overseas Filipino Workers while in Vietnam it is the local population. Vietnam has more than a hundred outlets in 2019, or majority of its outlets outside the Philippines.
Jollibee is a large anthropomorphic bee mascot dressed in a red blazer, shirt, and chef's hat, and …
See also
• Filipino cuisine
• Filipinos in the New York City metropolitan region
• Filipino pastries
Further reading
Videos
• "Why Is McDonald's Struggling In The Philippines? Jollibee". CNBC. November 20, 2018. Archived from the original on November 6, 2021.
• "Jollibee CEO on the homegrown fast food giant's growing appetite for acquisitions". CNBC International TV. Archived from the original on November 6, 2021. Retrieved May 7, 2019.
Overview
Jollibee Foods Corporation (abbreviated as JFC; also known as Jollibee after its primary fast food brand) is a Filipino multinational company based in Pasig, Philippines. JFC is the owner of the fast food brand Jollibee.
With the success of its flagship brand, JFC acquired some of its competitors in the fast food business in the Philippines and abroad such as Chowking, Greenw…
Background
In 1975, Tony Tan Caktiong and his family opened a Magnolia Ice Cream parlor in Cubao, Quezon City which is credited as the first Jollibee outlet. The Magnolia outlets operated by the Tan Caktiong clan began offering hotmeals and sandwiches upon request from the customers which the family found out to be more popular than the franchise's ice cream. In 1978, the family decided to ca…
Acquisition history
The company acquired 80% of Greenwich Pizza in 1994. From a 50-branch operation, Greenwich gradually established a strong presence in the food service industry. In early 2006, Jollibee Foods Corp. bought out the remaining shares of its partners in Greenwich Pizza Corp., equivalent to a 20% stake, for P384 million in cash. In 2000, the company acquired Chowking, a Chinese fast food restaur…
Brands
• Jollibee - Filipino-style fast food restaurant with American-influenced dishes specializing in burgers, spaghetti, chicken and some local Filipino dishes.
• Greenwich - The fast food restaurant features a variety of Italian main and side dishes specializing in pizzas and pastas.
• Red Ribbon - The bakeshop offers a wide array of baked goods specializing in cakes.
Joint ventures
Jollibee Foods Corporation and the Viet Thai International Joint Stock Company formed a joint venture named Superfoods Group, which owns and managed the Vietnamese coffee chain brand, Highlands Coffee. In November 2016, the two companies agreed to list Superfoods as a public company in a stock exchange by July 2019.
In October 2016, Jollibee and Cargill formed a joint venture, C-Joy Poultry Meats Production, and …
Labor policy
According to the Department of Labor and Employment (DOLE) in May 2018, the Jollibee Foods Corporation has the most workers who are employed under a labor-only contracting (LOC) program.
Infringement in China
The existence of a fast food chain under the name "JoyRulBee" in the Lingshan County, Qinzhou, Guangxi, China, at 22°25′18.59″N 109°17′14.44″E / 22.4218306°N 109.2873444°E , became viral in social media in 2019. JoyRulBee reportedly used a very similar branding to Jollibee, including the usage of Jollibee mascot as part of its logo. JFC issued a statement that it is taking action to protect its trademark rights.
External links
• Official website