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.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Weeknight Lasagna Is Real, Thanks to a Genius New TrickWeeknight lasagna is real! (Thanks to taste_cooking, recipegoddess & hezelanna) genius
Consulte Mais informação »
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...
Consulte Mais informação »
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...
Consulte Mais informação »
Wall Street opens higher on upbeat trade moveU.S. stocks opened higher on Wednesday as China's move to ease tensions wit...
Consulte Mais informação »
U.S., China grant trade concessions as fresh talks loomU.S. President Donald Trump on Wednesday welcomed China's decision to exemp...
Consulte Mais informação »
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...
Consulte Mais informação »