Jollibee to open branches in UK, Manhattan, Macau
As part of its overseas expansion, Jollibee Foods Corporation (JFC) will soon open its first Jollibee stores in three different milestone locations, including the United Kingdom, Manhattan, and Macau.
A Manila Bulletin report showed this development comes as the company continues its rapid expansion in order to even the share of domestic to international sales.
“The first Jollibee store in UK will have its grand opening on October 20, and a few weeks before, the Macau branch will do its grand opening on September 28. The Manhattan, New York store will open within a few months,” the report said.
In terms of market capitalization, JFC is now the world’s largest Asian Restaurant Company.
Just last week, JFC said it will invest US12.4 million to acquire a stake in the Mexican restaurant Tortas Frontera in the United States.
Under the deal, JFC will get 47 percent of the fully-diluted membership interests in Tortas Frontera LLC, which owns the Tortas Frontera business founded by Bayless.