{"id":96557,"date":"2017-04-03T18:28:28","date_gmt":"2017-04-03T22:28:28","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=96557"},"modified":"2017-04-03T18:28:28","modified_gmt":"2017-04-03T22:28:28","slug":"jollibee-to-open-first-italy-branch","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/04\/03\/jollibee-to-open-first-italy-branch\/","title":{"rendered":"Jollibee to open first Italy branch"},"content":{"rendered":"
\"Homegrown<\/a>
Homegrown fast food giant Jollibee Foods Corp. (JFC) will open its first Jollibee store in Italy as it expands its global footprint. (Photo: Jollibee\/ Facebook<\/a>)<\/figcaption><\/figure>\n

MANILA\u2013Homegrown fast food giant Jollibee Foods Corp. (JFC) will open its first Jollibee store in Italy as it expands its global footprint.<\/p>\n

JFC told the local bourse its wholly owned subsidiary Golden Plate Pte. Ltd. (GPPL) and Blackbird Holdings Pte. Ltd. (Blackbird) will form a Singapore joint venture (JV) company, of which 75 percent is owned by the former and 25 percent by the Blackbird.<\/p>\n

The JV will incorporate a wholly-owned Italian subsidiary to own and operate the first Jollibee store in Italy.<\/p>\n

\u201cThe JV will facilitate Jollibee\u2019s entry in Italy and is an excellent opportunity to introduce the Jollibee brand to the European market,\u201d said JFC.<\/p>\n

GPPL and Blackbird have committed to invest up to EUR 1 million (around over PHP53 million) to the JV, of which up to EUR750,000 will be contributed by GPPL in proportion to its ownership in the business.<\/p>\n

GPPL shall have full management control of the JV and the operations of the first store.<\/p>\n

Blackbird is a Singapore company incorporated in 2014 and currently holds various investments both in Singapore and in the Philippines in the food and beverage, human resource, agriculture and biotechnology sectors.<\/p>\n

JFC operates the largest food service network in the Philippines. As of February 28, 2017, it was operating 2,670 restaurant outlets in the country: Jollibee brand 989, Chowking 489, Greenwich 251, Red Ribbon 396, Mang Inasal 469 and Burger King 76.<\/p>\n

Abroad, it was operating 620 stores in China, United States, Vietnam, Brunei, Saudi Arabia, Qatar, United Arab Emirates, Kuwait, Singapore, Hong Kong, Bahrain, Canada, Oman and Saudi Arabia<\/p>\n

The JFC Group has a total of 3,290 stores worldwide.<\/p>\n

JFC also has a 50-percent interest in joint ventures for the following stores: Highlands Coffee (Vietnam, Philippines) 177, Pho 24 (Vietnam, Indonesia, Cambodia, Korea and Australia) 33, others 8; a 48-percent interest in joint venture for 12 Hotpot (China) 16 and a 40-percent interest in Smashburger with 372 outlets, mostly in the US.<\/p>\n

These joint ventures have a total of 606 stores worldwide, which are not included in JFC\u2019s consolidated store count.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA\u2013Homegrown fast food giant Jollibee Foods Corp. (JFC) will open its first Jollibee store in Italy as it expands its …<\/p>\n","protected":false},"author":33,"featured_media":96558,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,16,95],"tags":[17401,17400,850,6662],"class_list":["post-96557","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-news","category-news-ph","tag-branch","tag-fast-food-restaurant","tag-italy","tag-jollibee","mauthors-leslie-d-venzon","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/96557","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\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=96557"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/96557\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/96558"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=96557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=96557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=96557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}