{"id":40042,"date":"2015-01-27T18:21:30","date_gmt":"2015-01-27T10:21:30","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=40042"},"modified":"2015-01-27T18:21:30","modified_gmt":"2015-01-27T10:21:30","slug":"jollibee-keen-to-acquire-1b-us-based-company","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2015\/01\/27\/jollibee-keen-to-acquire-1b-us-based-company\/","title":{"rendered":"Jollibee keen to acquire $1B US-based company"},"content":{"rendered":"
\"Photo<\/a>
Photo courtesy of www.jollibee.com.ph<\/figcaption><\/figure>\n

MANILA \u2013 Jollibee Foods Corp., the country\u2019s largest fast food company, on Tuesday announced that they are looking for a fast-food firm in the United States worth $1 billion to acquire in order to increase their revenues.<\/p>\n

This was confirmed by JFC Chairman Tony Tan-Caktiong during an interview saying that a brand worth $1-billion will be right for their expansion plans in the US market.<\/p>\n

\u201cIt should be a strong regional brand so that we can expand. We don\u2019t want a brand that\u2019s already big,\u201d said Tan Caktiong<\/p>\n

He added that they are looking at an equity partner or into a fund.<\/p>\n

Currently, Jollibee has 2,200 stores in the Philippines and 1,000 stores across the world.<\/p>\n

\u201cWe\u2019d like to target 50-50 revenue sharing between Philippine stores and overseas stores. But we cannot do that yet because the Philippine (business) keeps growing so the ratio was kept at 80-20,\u201d he explained.<\/p>\n

Jollibee partnered up with Dunkin\u2019 Brands Group Inc. to open 1,4000 new Dunkin\u2019 Donuts cafes in China for the next 20 years.<\/p>\n

According to Janney Capital Markets securities analyst Mark Kalinowski, there are six candidates that fit Jollibee\u2019s target with Jack in the Box and Krispy Kreme leading the lsit.<\/p>\n

However, he said that there is a possibility that private chains such as CKE Restaurants Inc., which handles Carl\u2019s Jr. and Hardee\u2019s brands, might be considered.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA \u2013 Jollibee Foods Corp., the country\u2019s largest fast food company, on Tuesday announced that they are looking for a …<\/p>\n","protected":false},"author":44,"featured_media":21201,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-40042","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-lei-fontamillas","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/40042","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=40042"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/40042\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/21201"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=40042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=40042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=40042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}