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{{short description|Filipino restaurant company}}
{{about|the company|the fast food chain owned by the company|Jollibee}}
{{Infobox company
| name = Jollibee Foods Corporation
| logo = Jollibee Foods Corporation logo.svg
| imagecaption =
| type = [[Perusahaan publik|Publik]]
| image_caption = Jollibee Plaza (leftmost building), the firm's headquarters.
| traded_as = {{Pse|JFC}}
| type = [[Public company|Public]]
| foundation = [[Quezon City]], [[Filipina]] ({{start date and years ago|1978|1|28}}) |
| traded_as = {{Pse|JFC}}
| location = Lantai 5, Jollibee Plaza, Emerald Ave. [[Ortigas Center]], [[Pasig]], [[Filipina]]
| industry = [[Restaurant]]s
| key_people = [[Tony Tan (entrepreneurwirausahawan)|Tony Tan Caktiong]] <br>{{small|>([[ChairmanKetua]])}}</small><br />Ernesto Tanmantiong <br>{{small|>([[PresidentPresiden (corporatejabatan titleperusahaan)|PresidentPresiden]] anddan [[Chief executive officer|CEO]])}}</small>
| industry = [[Restoran]]
| products = {{hlist|hamburgers|chicken|fries|coffee|desserts|breakfast|dumplings|pizzas|cakes|pastries}}
| products = [[hamburger]]{{•}}[[ayam (makanan)|ayam]]{{•}}[[kentang goreng]]{{•}}[[minuman ringan]]{{•}}[[kopi]]{{•}}[[salad]]{{•}}[[makanan penutup]]{{•}}[[sarapan]]
| revenue = {{increase}}{{Philippine peso|185.4 billion}} <small>([[Fiscal year|FY]] 2019)</small><ref name="financials">{{cite press release|url=https://bucketeer-db71ed0b-178e-4a82-bfd6-d68a68e0de55.s3.amazonaws.com/public/uploads/Annual-Report-2019.pdf|title=Jollibee Foods Corporation 2019 annual report ( FORM 17-A)|date=December 31, 2019}}</ref>
| subsid = [[Chowking]]<br />[[Greenwich Pizza]]<br />[[Red Ribbon (toko roti)|Red Ribbon]]<br />[[Mang Inasal]]
| operating_income = {{decrease}}{{Philippine peso|9.5 billion}} <small>(FY 2019)</small><ref name="financials"/>
| net_incomerevenue = {{decreaseincrease}}{{Philippine peso Filipina|6100.478 billionmiliar}} <small>([[tahun fiskal|FY]] 20192015)</small><ref name="financials">{{cite press release|url=http://www.marketwatch.com/investing/stock/jbfcf/financials|title=Jollibee Foods Corporation 2015 annual report (SEC FORM 17-A)|date=December 31, 2011}}</ref>
| assetsoperating_income = {{increase}}{{Philippine peso Filipina|187.3.90 billionmiliar}} <small>(FY 20192011)</small><ref name="financials"/>
| equitynet_income = {{increase}}{{Philippine peso Filipina|523.625 billionmiliar}} <small>(FY 20192011)</small><ref name="financials"/>
| assets = {{increase}}{{peso Filipina|38.90 miliar}} <small>(FY 2011)</small><ref name="financials"/>
| num_locations = 5,900+ restaurants<ref name="BWorldOnline-5900" />
| equity = {{increase}}{{peso Filipina|3.25 miliar}} <small>(FY 2011)</small><ref name="financials"/>
| num_locations_year = 2020
| num_employees = 1614,690635 (FY 2011)<ref name="financials"/>
| website = [http://www.jollibee.com.ph/ Situs web merek Jollibee]
| num_employees_year = 2019
| intl = yes
| subsid = {{bulleted list
| Fresh N' Famous Foods<ref>{{cite web|title=Fresh N' Famous Foods Inc Company Profile|url=https://www.emis.com/php/company-profile/PH/Fresh_N__Famous_Foods_Inc_en_3853506.html|website=EMIS|access-date=1 November 2017|quote=Fresh N' Famous Foods Inc, a subsidiary of Jollibee Foods Corporation (JFC) operates and franchises quick-service restaurants under the trade names "Chowking" and "Greenwich"; Red Ribbon Bakeshop, Inc.}}</ref>
| {{small|([[Chowking]], [[Greenwich Pizza|Greenwich]])}}
| [[Red Ribbon (bakeshop)|Red Ribbon Bakeshop, Inc.]]
| [[Mang Inasal|Mang Inasal Philippines]]
| [[Burger King|Perf Restaurants Inc.]]
| [[Smashburger|Smashburger IP Holder]]
| [[Highlands Coffee|Superfoods Group]]
| [[The Coffee Bean & Tea Leaf]]
| JBPX Foods, Inc. {{small|([[Panda Express|Panda Express Philippines]])}}<ref name="jollibeepandagroup" />
}}
| area_served = [[East Asia]], [[Southeast Asia]], [[Middle East]], [[North America]], [[Western Europe]]
| founder = [[Tony Tan (entrepreneur)|Tony Tan Caktiong]]
| foundation = [[Quezon City]], [[Philippines]] ({{start date and years ago|1978|1}}){{refn|The JFC states that its date of incorporation was on January 28, 1978<ref name="jfc2012">{{cite journal|title=2012 Annual Report|page=3|url=http://www.jollibee.com.ph/wp-content/uploads/2014/12/2012-Annual-Report.pdf|access-date=2 November 2017|publisher=Jollibee Foods Corporation|archive-url=https://web.archive.org/web/20180626054747/http://www.jollibee.com.ph/wp-content/uploads/2014/12/2012-Annual-Report.pdf|archive-date=26 June 2018|url-status=dead}}</ref> while the [[Philippine Stock Exchange]] list the date of incorporation as January 11, 1978.<ref>{{cite web|title=Company Information - Jollibee Foods Corporation|url=http://edge.pse.com.ph/companyInformation/form.do?cmpy_id=86|website=Philippine Stock Exchange|publisher=Philippine Stock Exchange, Inc.|access-date=1 November 2017}}</ref>|group="note"|name="incorporation"}}
| location = Jollibee Plaza, [[Ortigas Center]], [[Pasig]], [[Philippines]]
| homepage = {{URL|http://www.jollibee.com.ph/|jollibee.com.ph}}
}}
'''Jollibee Foods Corporation''' (juga disebut '''JFC''', dan lebih dikenal sebagai '''Jollibee''') adalah sebuah jaringan [[restoran makanan cepat saji]] multinasional asal [[Filipina]] yang bermarkas besar di [[Pasig]], [[Filipina]]. JFC adalah pemilih dari merek [[restoran makanan cepat saji|makanan cepat saji]] populer Jollibee, yang dijuluki sebagai jawaban Asia untuk [[McDonald's]] dalam bisnis makanan cepat saji [[Hamburger|burger]].<ref name=uae2/>
 
Dengan kesuksesan merek flagship-nya, JFC mengakuisisi beberapa pesaingnya dalam usaha makanan cepat saji di Filipina dan luar negeri seperti [[Chowking]], [[Greenwich Pizza]], [[Red Ribbon (toko roti)|Red Ribbon]], [[Mang Inasal]], dan [[Burger King|Burger King Philippines]].<ref name="mst">{{cite web|url=http://www.abs-cbnnews.com/business/05/05/09/jollibee-2008-profits-dip-despite-sales-jump|title=Jollibee's 2008 profits dip despite sales jump|accessdate=August 6, 2012}}</ref> Pada Januari 2015, JFC memiliki lebih dari 3,000 gerai di seluruh dunia,<ref name=economist>{{cite news|title=Acquired tastes|url=http://www.economist.com/news/business/21685465-tenacious-filipino-burger-chain-tries-different-way-conquer-world-acquired-tastes|accessdate=12 January 2016|publisher=The Economist}}</ref> dengan pendapatan penjualan di setiap sistem sejumlah 82.1 miliar peso untuk tahun fiskal 2011.<ref name="finance">{{cite press release|url=http://www.jollibee.com.ph/wp-content/uploads/2012/04/financial_statements_2011.pdf|title=Jollibee Foods Corporation 2011 financial statements|date=March 2012|accessdate=August 6, 2012|=http://www.jollibee.com.ph/wp-content/uploads/2012/04/financial_statements_2011.pdf}} {{Cite web |url=http://www.jollibee.com.ph/wp-content/uploads/2012/04/financial_statements_2011.pdf |title=Salinan arsip |access-date=2016-09-30 |archive-date=2017-09-12 |archive-url=https://web.archive.org/web/20170912191948/http://www.jollibee.com.ph/wp-content/uploads/2012/04/financial_statements_2011.pdf |dead-url=unfit }}</ref>
'''Jollibee Foods Corporation''' (abbreviated as '''JFC'''; also known as '''Jollibee''' after its primary fast food brand) is a [[Philippines|Filipino]] multinational company based in [[Pasig]], [[Philippines]]. JFC is the owner of the fast food brand [[Jollibee]].
 
==Referensi==
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]], [[Greenwich Pizza]], [[Red Ribbon (bakeshop)|Red Ribbon]], and [[Mang Inasal]].<ref name="mst">{{cite web|url=http://www.abs-cbnnews.com/business/05/05/09/jollibee-2008-profits-dip-despite-sales-jump|title=Jollibee's 2008 profits dip despite sales jump|access-date=August 6, 2012}}</ref> As of October 2020, JFC had a total of more than 5,900 stores worldwide,<ref name="BWorldOnline-5900">{{cite news |last1=Charm |first1=Neil |title=Jollibee store opens in Rome as expansion resumes |url=https://www.bworldonline.com/jollibee-store-opens-in-rome-as-expansion-resumes/ |access-date=17 February 2021 |work=BusinessWorld |date=8 October 2020 |archive-url=https://web.archive.org/web/20201010082324/https://www.bworldonline.com/jollibee-store-opens-in-rome-as-expansion-resumes/ |archive-date=10 October 2020 |quote=The whole JFC network has more than 5,900 stores across the world, under brands such as Jollibee, Chowking, Greenwich, Red Ribbon, Mang Inasal, Burger King, PHO24, Yonghe King, Hong Zhuang Yuan, Dunkin’ Donuts, Highlands Coffee, Hard Rock Cafe, Smashburger, and Coffee Bean and Tea Leaf.}}</ref> with system-wide retail sales totaling 82.1 billion pesos for the 2011{{update-inline|date=February 2021}} fiscal year.<ref name="finance">{{cite press release|url=http://www.jollibee.com.ph/wp-content/uploads/2012/04/financial_statements_2011.pdf|title=Jollibee Foods Corporation 2011 financial statements|date=March 2012|access-date=August 6, 2012}}</ref> It is also the world's largest Asia-based and founded fast food company{{clarify|reason= largest in terms of what? Assets, revenue, volume of products sold, etc...|date=December 2019}}.<ref>{{Cite web|url=https://www.youtube.com/watch?v=G2f8oT8Eyuk|title=JFC Corporate Video - YouTube|last=Jollibee|first=Philippines|date=10 September 2019|website=Youtube|access-date=10 September 2019}}</ref>
{{reflist}}
 
==Background==
{{see|Jollibee}}
[[File:TreceMartiresjf0078 01.JPG|thumb|left|An outlet of [[Jollibee]], the company's primary fast food brand, in Trece Martires, Cavite.]]
In 1975, [[Tony Tan (entrepreneur)|Tony Tan Caktiong]] and his family opened a [[Magnolia (brand)|Magnolia Ice Cream]] parlor in [[Cubao]], [[Quezon City]]<ref name=Marketing>{{Cite book|last=Go |first=Josiah |title=Fundamentals of Marketing: In The Philippine Setting |year=2001 |publisher=Design Plus |location=Quezon road, [[Philippines]] |isbn=971-91860-5-4 | pages =1–2 }}</ref> which is credited as the first Jollibee outlet.<ref name=JollibeeMilestonesHistory>[http://www.jollibee.com.ph/about-us#milestones-history Jollibee – About Us – Milestones-History]</ref> 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 cancel the Magnolia franchise and converted the ice cream parlors they operated into fast food outlets.<ref name="wipo">{{cite news|title=From Ice Cream Parlor to Fast Food Empire: Tony Tan Caktiong's Story|url=http://www.wipo.int/ipadvantage/en/details.jsp?id=2531|access-date=2 November 2017|work=WIPO|publisher=World Intellectual Property Organization}}</ref> Management consultant Manuel C. Lumba advised the family of the move.<ref name=Marketing/>
 
The Jollibee Foods Corporation was incorporated in January 1978.<ref group="note" name="incorporation"/> It opened its first store overseas in Taiwan which later closed.<ref name=milestone>{{cite web|title=Milestones & History|url=http://www.jollibee.com.ph/about-us/milestones-history/|archive-url=https://web.archive.org/web/20140319023031/http://www.jollibee.com.ph/about-us/milestones-history/|publisher=Jollibee Foods Corporation|access-date=7 January 2015|url-status=dead|archive-date=March 19, 2014}}</ref>
 
Jollibee experienced rapid growth. It was able to withstand the entry of [[McDonald's]] in the Philippines in 1981 by focusing on the specific tastes of the Filipino market, which differed from the American fast food company.<ref name=economist>{{cite news|title=Acquired tastes|url=https://www.economist.com/news/business/21685465-tenacious-filipino-burger-chain-tries-different-way-conquer-world-acquired-tastes|access-date=12 January 2016|newspaper=The Economist}}</ref> On July 13, 1993, JFC was listed at the [[Philippine Stock Exchange]].<ref name=jfcmilestones>{{cite web|title=Jollibee Foods Corporation - Milestones|url=http://www.jollibee.com.ph/investors/jollibee-foods-corporation/|website=Jollibee|access-date=1 November 2017}}</ref>
 
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,<ref>{{cite web|url=http://www.abs-cbnnews.com/business/04/11/11/jollibee-closes-manong-pepe-chain|title=Jollibee closes Manong Pepe chain|access-date=August 6, 2012}}</ref> and sold Délifrance to CaféFrance.<ref>{{cite web|url=http://www.abs-cbnnews.com/business/01/03/11/jollibee-completes-sale-delifrance|title=Jollibee completes sale Delifrance|access-date=August 6, 2012}}</ref> Overseas, Jollibee opened 93 stores, led by Yonghe King in China (70) and Jollibee Vietnam (11).<ref>"[http://blog.chron.com/foodchronicles/2013/09/mob-scene-in-a-monsoon-at-new-filipino-fast-food-spot/ Mob scene in a monsoon at new Filipino fast-food spot]. ''[[Houston Chronicle]]''. Tuesday September 17, 2013. Retrieved on September 18, 2013.</ref>
 
==Acquisition history==
===Philippine brands===
[[File:OlongapoCityjf1647 05.JPG|thumb|[[Chowking]], one of the company's fast food chain brands.]]
The company acquired 80% of [[Greenwich Pizza]] in 1994. From a 50-branch operation, [[Greenwich Pizza|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.<ref>{{cite news|last=Ordinario |first=Cai U. |title=Jollibee Foods buys out partner in Greenwich Pizza |work=BUSINESS |publisher=The Manila Times Internet Edition |date=January 18, 2006 |url=http://www.manilatimes.net/national/2006/jan/18/yehey/business/20060118bus8.html |access-date=March 12, 2007 |url-status=dead |archive-url=https://web.archive.org/web/20070621190536/http://www.manilatimes.net/national/2006/jan/18/yehey/business/20060118bus8.html |archive-date=June 21, 2007 }}</ref> In 2000, the company acquired [[Chowking]], a Chinese fast food restaurant, thus making Jollibee a part of the Asian quick service restaurant segment. In 2005, Jollibee acquired [[Red Ribbon Bakeshop|Red Ribbon]], a bakeshop business in the Philippines.<ref>{{Cite news|url=http://www.philstar.com/business/293282/jollibee-acquires-red-ribbon|title=Jollibee acquires Red Ribbon|last=Peña|first=Zinnia B. Dela|work=philstar.com|access-date=2017-12-15}}</ref><ref>{{cite web|url=https://www.philstar.com/business/2005/08/25/293282/jollibee-acquires-red-ribbon|title=Jollibee acquires Red Ribbon|date=August 25, 2005|access-date=2019-10-02}}</ref>
 
On October 19, 2010, Jollibee acquired 70% share of [[Mang Inasal]], a Filipino food chain specializing in barbecued chicken, for P3 billion ($68.8 million).<ref>{{cite news
| author = Zinnia B. Dela Peña
| title = Jollibee acquires Mang Inasal for P3B
| newspaper = The Philippine Star
| page = B-1
| date = October 19, 2010
}}</ref><ref>{{cite news | title =Jollibee to buy Mang Inasal for P3 billion | work =BUSINESS | publisher =GMANews.tv | date =October 18, 2010 | url =http://www.gmanews.tv/story/203720/jollibee-to-buy-mang-inasal-for-p3-billion | access-date = October 20, 2010}}</ref><ref>[http://www.manilatimes.net/index.php/business-columns/29199-jollibee-set-to-acquire-mang-inasal Jollibee Set to Acquire Mang Inasal] {{webarchive|url=https://web.archive.org/web/20130112215045/http://www.manilatimes.net/index.php/business-columns/29199-jollibee-set-to-acquire-mang-inasal |date=January 12, 2013 }} - Manila Times, October 19, 2010</ref>
 
JFC subsidiary Fresh N' Famous Foods, Inc. manages the Greenwhich and Chowking brands. The Red Ribbon brand is under Red Ribbon Bakeshop Inc. which in turn is managed by a holding company of the JFC, RRB Holdings, Inc. The firm has also stakes on [[Burger King]]'s outlets in the Philippines through Perf Restaurants, Inc. which is 54 percent owned by JFC as of 2012.<ref name="jfc2012"/>
 
===Foreign brands===
[[File:Smash Burger, Village Commons, Tallahassee.jpg|thumb|[[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.
 
====In Greater China====
In 2004, Jollibee acquired Chinese fast food chain [[Yonghe Dawang]] for $22.5 million. Jollibee entered into a joint-venture contract with US-based Chow Fun Holdings LLC, the developer and owner of Jinja Bar Bistro in [[New Mexico]], in which Jollibee acquired a 12% stake for $950,000.<ref>{{cite web|url=http://www.gmanews.tv/story/116293/|title=Jollibee-buys-Beijing-based-congee-chain Jollibee buys Beijing-based congee chain|publisher=[[GMA News and Public Affairs]]|access-date=August 6, 2012}}</ref><ref>{{cite web|url=http://www.tradingmarkets.com/.site/news/Stock%20News/1846631/|archive-url=https://web.archive.org/web/20090611120545/http://www.tradingmarkets.com/.site/news/Stock%20News/1846631/|url-status=dead|archive-date=June 11, 2009|title=Jollibee buys out Beijing resto chain|publisher=tradingmarkets.com|access-date=August 6, 2012}}</ref><ref>{{cite web|url=http://www.allheadlinenews.com/articles/7012067520|title=Fast-Food Giant Jollibee Foods Acquires Chinese Congee Chain|publisher=allheadlinenews.com|access-date=August 6, 2012|url-status=dead|archive-url=https://web.archive.org/web/20111116022217/http://www.allheadlinenews.com/articles/7012067520|archive-date=November 16, 2011}}</ref> In 2006, Jollibee purchased 70% of [[Taipei]] restaurant Lao Dong in June and [[Chun Shui Tang]] tea house. In 2007, Jollibee acquired the [[China|Chinese]] fast-food chain Hongzhuangyuan for $50.5 million (roughly P2 billion)<ref>{{Cite news|url=https://news.google.com/newspapers?nid=2479&dat=20071108&id=j1Q1AAAAIBAJ&pg=2426,16883837&hl=en|title=Jollibee buys Beijing fast-food chain|last=Sanchez-Lacson|first=Elizabeth|date=November 8, 2007|work=[[Philippine Daily Inquirer]]|access-date=May 5, 2016}}</ref> but divested its shares from Lao Dong and Chun Shui Tang, only a year after it purchase stakes in the two food chains.<ref name=getoutstaiwan>{{cite news |last1=Arcibal |first1=Cheryl |title=Jollibee gets out of restaurant business in Taiwan, Shanghai |url=https://www.gmanetwork.com/news/money/companies/178899/jollibee-gets-out-of-restaurant-business-in-taiwan-shanghai/story/ |access-date=February 7, 2019 |work=GMA Network |date=December 9, 2007}}</ref>
 
On August 26, 2008, Jollibee formally signed a P2.5 billion ($55.5 million) deal with [[Beijing]]-based Hong Zhuang Yuan through its wholly owned subsidiary Jollibee Worldwide Pte. Ltd. The sale is subject to the approval of China's Ministry of Commerce. In October 2010, Jollibee signed a deal to acquire 55 percent of [[China]]'s [[Guangxi]] San Ping Wang Food and Beverage Management Co. Ltd., operators of the San Pin Wang beef noodle business for 30 million RMB.<ref>Dumlao, Doris. (October 27, 2010). [http://business.inquirer.net/money/topstories/view/20101027-300102/Jollibee-buys-fast-food-chain-in-China Jollibee buys fast-food chain in China] {{webarchive|url=https://web.archive.org/web/20101029172611/http://business.inquirer.net/money/topstories/view/20101027-300102/Jollibee-buys-fast-food-chain-in-China |date=October 29, 2010 }}. ''Philippine Daily Inquirer''.</ref>
 
Its restaurants in mainland China are responsible for about 12% of the company's total sales, mostly through chains it acquired.<ref name=economist />
 
In January 2016, the company announced it was participating in a [[joint venture]] to bring 1,400 [[Dunkin' Donuts]] stores to China over the next 20 years <ref name=economist />
 
[[Yonghe King|The Yonghe King]], Hongzhuangyuan, San Pin Wang chain are under JFC's SuperFoods Group.<ref name="jfc2012"/>
In May 2018, Jollibee Food Corporation announced that it has acquired the master franchise of Tim Ho Wan, a Michelin-star dim sum restaurant chain in Asia Pacific, for [[Singaporean dollar|SG$]]45 million ({{Philippine peso|1.74 billion}}) from its private equity fund investment Titan Dining Partners Limited. Tim Ho Wan Private holds the exclusive long-term master franchise to run Tim Ho Wan within the Asia Pacific region, excluding ones in Hong Kong. Dim Sum Private, on the other hand, owns and operates Tim Ho Wan chains in Singapore.<ref>{{cite news |last1=Loyola |first1=James |title=Jollibee acquires 45% of Asia Pacific franchise of Tim Ho Wan |url=https://business.mb.com.ph/2018/05/09/jollibee-acquires-45-of-asia-pacific-franchise-of-tim-ho-wan/ |access-date=20 June 2018 |work=Manila Bulletin |date=9 May 2018}}</ref>
 
====In the United States====
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.<ref>{{cite news|title=Jollibee Acquires a 40% Stake in Smashburger|url=http://nrn.com/mergers-acquisitions/jollibee-foods-acquires-40-stake-smashburger|date=October 2015}}</ref> In December 2018 Jollibee acquired 100 percent of the shares in Smashburger, gaining a full control of the American hamburger chain.<ref>{{cite web|url=https://www.qsrmagazine.com/news/jollibee-foods-corporation-now-100-percent-owner-smashburger |title=Jollibee Foods Corporation Now 100 Percent Owner of Smashburger - Restaurant News |publisher=QSR magazine |date=2018-12-14 |access-date=2019-05-08}}</ref>
 
On September 7, 2018, Jollibee Foods Corporation announced its acquisition of 47% stake in US-based Mexican food restaurant, Tortas Frontera of [[Rick Bayless]] for $12.4 million.<ref name="jollibeetortas">{{cite web |last1=Klein |first1=Danny |title=Jollibee Grabs 47 Percent Stake in Tortas Frontera |url=https://www.qsrmagazine.com/finance/jollibee-grabs-47-percent-stake-tortas-frontera |website=QSR Magazine |access-date=24 December 2018 |date=7 September 2018}}</ref>
 
On July 24, 2019, Jollibee Foods Corporation purchased [[The Coffee Bean & Tea Leaf]] for $350 million.<ref>{{cite web|author=Doris Dumlao-Abadilla|url=https://business.inquirer.net/275315/jollibee-acquires-coffee-bean-and-tea-leaf-for-350m|title=Jollibee acquires US firm Coffee Bean & Tea Leaf for $350M|work=Philippine Daily Inquirer|date=July 24, 2019|access-date=July 24, 2019}}</ref>
 
====Foreign brands in the Philippines====
[[File:03724jfChurches Buildings West North Avenue Roads Edsa Barangays Quezon Cityfvf 05.JPG|thumb|A Burger King outlet in [[Quezon City]].]]
In October 2011, Jollibee acquired a 54% stake in BK Titans, Inc., the sole franchisee of [[Burger King]] in the Philippines.<ref>{{cite news |url=http://ph.news.yahoo.com/jollibee-buys-burger-king-franchise-philippines-063005996.html |title=Jollibee Buys Burger King Franchise in the Philippines |author=Dumlao, Doris C. |publisher=[[Philippine Daily Inquirer]]/[[Yahoo!]] Philippines |date=October 1, 2011 |access-date=October 2, 2011}}</ref>
 
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.<ref name="jollibeepanda">{{cite web |last1=Lopez |first1=Elyssa Christine |title=Jollibee Foods to Bring America's Panda Express to PH |url=https://www.entrepreneur.com.ph/news-and-events/jollibee-foods-to-bring-america-s-panda-express-to-ph-a00178-20180927 |website=[[Entrepreneur|Entrepreneur Philippines]] |access-date=24 December 2018 |date=27 September 2018}}</ref> On July 8, 2019, both JFC and Panda Express' parent company, [[Panda Restaurant Group]] formed their joint venture company, JBPX Foods, Inc. after its incorporation by [[Securities and Exchange Commission (Philippines)|Securities and Exchange Commission]].<ref name="jollibeepandagroup">{{cite web |title=Jollibee, US-based Panda Group create joint venture firm covering PHL market |url=https://www.gmanetwork.com/news/money/companies/700262/jollibee-us-based-panda-group-create-joint-venture-firm-covering-phl-market/story/ |website=[[GMA News]] |access-date=24 July 2019 |date=8 July 2019}}</ref>
 
In September 2017, it was reported that JFC is considering to bid for the acquisition of British sandwich multinational chain [[Pret a Manger]] for at least $1 billion.<ref>{{cite news|last1=Wu|first1=Kane|last2=Daga|first2=Anshuman|title=Filipino fast food group Jollibee eyes bid for UK's Pret A Manger - sources|url=https://www.reuters.com/article/us-pret-m-a-jollibee-exclusive/exclusive-filipino-fast-food-group-jollibee-eyes-bid-for-uks-pret-a-manger-sources-idUSKCN1BT12F|access-date=1 November 2017|work=Reuters|date=18 September 2017}}</ref> But it was acquired instead by [[JAB Holding Company]], in 2018.<ref>{{cite news |title=Pret A Manger sold for $2 billion to Germany's deal-hungry Reimann family |url=https://www.cnbc.com/2018/05/29/jab-buys-majority-stake-in-britains-pret-a-manger.html |access-date=3 September 2020 |work=CNBC |date=29 May 2018 |language=en}}</ref>
 
JFC entered a joint venture with Yoshinoya Holdings in 2021 to establish a company that would serve as the franchisee of [[Yoshinoya]] in the country after [[Century Pacific Food]]'s franchise deal with the Japanese fast food chain ended.<ref>{{cite news |last1=Venzon |first1=Cliff |title=Fast-food giants Jollibee and Yoshinoya team up in Philippines |url=https://asia.nikkei.com/Business/Business-deals/Fast-food-giants-Jollibee-and-Yoshinoya-team-up-in-Philippines |access-date=16 February 2021 |work=Nikkei Asia |date=16 February 2021}}</ref> Under the new deal, there are plans to open 50 stores in the country in the long-term.<ref>{{cite web |last1=Fenol|first1=Jessica |url=https://news.abs-cbn.com/business/02/16/21/jollibee-partners-with-yoshinoya-for-first-ever-japanese-food-chain-venture|title=Jollibee partners with Yoshinoya for 'first ever' Japanese food chain venture|website=[[ABS-CBN News and Current Affairs]] |date=February 16, 2021 |access-date=February 16, 2021}}</ref>
 
==Brands==
* [[Jollibee]] - Filipino-style fast food restaurant with American-influenced dishes specializing in burgers, spaghetti, chicken and some local Filipino dishes.
* [[Greenwich Pizza|Greenwich]] - The fast food restaurant features a variety of Italian main and side dishes specializing in pizzas and pastas.<ref name="PhilStar-List">{{cite news |last1=Cigaral |first1=Ian Nicolas |title=List: Brands operated by Jollibee Foods Corp. |url=https://www.philstar.com/business/2019/07/24/1937490/list-brands-operated-jollibee-foods-corp |access-date=17 February 2021 |work=The Philippine Star |date=24 July 2019 |archive-url=https://web.archive.org/web/20190725152931/https://www.philstar.com/business/2019/07/24/1937490/list-brands-operated-jollibee-foods-corp |archive-date=25 July 2019}}</ref>
* [[Red Ribbon Bakeshop|Red Ribbon]] - The bakeshop offers a wide array of baked goods specializing in cakes.<ref name="PhilStar-List" />
* [[Chowking]] - The fast food serve Chinese food menu predominantly selling noodle soups, dim sum and rice bowls with toppings.<ref name="PhilStar-List" />
* [[Mang Inasal]] - Barbecue fast food restaurant chain.<ref>{{cite news |last1=Dumlao-Abadilla |first1=Doris |title=Jollibee group completes acquisition of Mang Inasal |url=https://business.inquirer.net/209719/jollibee-group-completes-acquisition-of-mang-inasal |access-date=17 February 2021 |work=Philippine Daily Inquirer |date=23 April 2016 |archive-url=https://web.archive.org/web/20160423113308/http://business.inquirer.net/209719/jollibee-group-completes-acquisition-of-mang-inasal |archive-date=23 April 2016 |language=en}}</ref><ref name="PhilStar-List" />
* [[Burger King|Burger King Philippines]] - JFC is managing the operations of the American hamburger fast food chain in the Philippines.<ref>{{cite news |last1=Dumlao |first1=Doris C. |title=Jollibee buys Burger King franchise in the Philippines |url=https://business.inquirer.net/22247/jollibee-buys-burger-king-franchise-in-the-philippines#:~:text=In%20a%20disclosure%20to%20the,King%20brand%20in%20the%20Philippines. |access-date=17 February 2021 |work=Philippine Daily Inquirer |date=30 September 2011 |archive-url=https://web.archive.org/web/20111103052317/http://business.inquirer.net/22247/jollibee-buys-burger-king-franchise-in-the-philippines |archive-date=3 November 2011 |language=en}}</ref><ref name="PhilStar-List" />
* [[Smashburger]] - American fast-casual hamburger restaurant chain.<ref>{{cite news |title=Jollibee takes full ownership of Smashburger |url=https://news.abs-cbn.com/business/12/14/18/jollibee-takes-full-ownership-of-smashburger |access-date=17 February 2021 |work=ABS-CBN News |date=14 December 2018 |archive-url=https://web.archive.org/web/20181214070258/https://news.abs-cbn.com/business/12/14/18/jollibee-takes-full-ownership-of-smashburger |archive-date=14 December 2018 |language=en}}</ref><ref>{{cite news |last1=Ichimura |first1=Anri |title=Despite Pandemic, Jollibee Expands Coffee Bean and Tea Leaf in NYC and Launches Smashburger in Boston |url=https://www.esquiremag.ph/money/wealth/jollibee-cbtl-smashburger-a00304-20200904 |access-date=17 February 2021 |work=Esquire Philippines |date=4 September 2020 |archive-url=https://web.archive.org/web/20200913030226/https://www.esquiremag.ph/money/wealth/jollibee-cbtl-smashburger-a00304-20200904 |archive-date=13 September 2020}}</ref><ref name="PhilStar-List" />
* [[Yonghe King]] - Chinese fast-food restaurant that specializes in noodles.<ref>{{cite news |last1=Camus |first1=Miguel R. |title=Jollibee now 100% owner of Chinese noodle maker |url=https://business.inquirer.net/220065/jollibee-now-100-owner-chinese-noodle-maker |access-date=17 February 2021 |work=Philippine Daily Inquirer |date=24 November 2016 |archive-url=https://web.archive.org/web/20210214225833/https://business.inquirer.net/220065/jollibee-now-100-owner-chinese-noodle-maker |archive-date=14 February 2021 |language=en}}</ref><ref name="PhilStar-List" />
* Hongzhuangyuan - Chinese fast food chain.<ref>{{cite news |last1=Liu |first1=Kristine Jane R. |title=Jollibee buys Beijing-based congee chain |url=https://www.gmanetwork.com/news/money/content/116293/jollibee-buys-beijing-based-congee-chain/story/ |access-date=17 February 2021 |work=GMA News |agency=BusinessWorld |date=27 August 2008 |archive-url=https://web.archive.org/web/20181224012508/https://www.gmanetwork.com/news/money/content/116293/jollibee-buys-beijing-based-congee-chain/story/ |archive-date=24 December 2018 |language=en}}</ref><ref name="PhilStar-List" />
* Tortas Frontera - US-based Mexican food restaurant by chef [[Rick Bayless]], owns 47% stake.<ref name="jollibeetortas" />
* [[Panda Express|Panda Express Philippines]] - Joint venture with a Chinese-American fast food restaurant's parent company, [[Panda Restaurant Group]] through JBPX Foods, Inc.<ref name="jollibeepandagroup" /> and operates its Philippine chain, owns 50% stake.<ref name="jollibeepanda" />
* [[The Coffee Bean & Tea Leaf]] - American coffee chain founded in 1963, purchased by JFC in 2019.<ref>{{cite news |last1=Bloomberg |title=Jollibee buys Coffee Bean & Tea Leaf |url=https://www.latimes.com/business/story/2019-07-25/jollibee-buys-coffee-bean-tea-leaf |access-date=17 February 2021 |work=Los Angeles Times |date=25 July 2019 |archive-url=https://web.archive.org/web/20190726001908/https://www.latimes.com/business/story/2019-07-25/jollibee-buys-coffee-bean-tea-leaf |archive-date=26 July 2019}}</ref><ref>{{cite news |last1=Dumlao-Abadilla |first1=Doris |title=Jollibee acquires US firm Coffee Bean & Tea Leaf for $350M |url=https://business.inquirer.net/275315/jollibee-acquires-coffee-bean-and-tea-leaf-for-350m |access-date=17 February 2021 |work=Philippine Daily Inquirer |date=24 July 2019 |archive-url=https://web.archive.org/web/20190725151126/https://business.inquirer.net/275315/jollibee-acquires-coffee-bean-and-tea-leaf-for-350m |archive-date=25 July 2019 |language=en}}</ref>
* [[Yoshinoya|Yoshinoya Philippines]] - Japanese fast food chain. In 2021, JFC announced plans to establish a subsidiary with Yoshinoya Holdings that would serve as the franchisee of the fast food brand in the Philippines.<ref>{{cite news |last1=Manuel |first1=Pilar |title=Jollibee, Yoshinoya pair up for Japanese restaurant's expansion in PH |url=https://cnnphilippines.com/business/2021/2/16/Jollibee-Yoshinoya-joint-venture.html |access-date=17 February 2021 |work=CNN Philippines |date=16 February 2021 |archive-url=https://web.archive.org/web/20210216041751/https://cnnphilippines.com/business/2021/2/16/Jollibee-Yoshinoya-joint-venture.html |archive-date=16 February 2021 |language=en}}</ref>
 
===Former brands===
Jollibee Foods Corporation jointly opened a branch of [[Délifrance]] with master franchisee Delifrance Asia Ltd. The JFC became the sole franchise of the bakery chain in the Philippines in 2006 through its subsidiary Fresh N' Famous Foods. The franchise agreement between JFC and Delifrance Asia ended on December 31, 2011 and assets of Délifrance in the Philippines was sold to CafeFrance Corp.<ref>{{cite news|last1=Dela Pena|first1=Zinnia|title=Jollibee completes sale of Delifrance to CafeFrance|url=http://www.philstar.com/business/644601/jollibee-completes-sale-delifrance-cafefrance|access-date=1 November 2017|work=The Philippine Star|date=4 January 2011}}</ref> CafeFrance Corp. intended to use all of the bought assets as its initial capital for a cafe chain under the a new brand name.<ref>{{cite news|title=What happened to Delifrance?|url=http://www.entrepreneur.com.ph/business-ideas/what-happened-to-delifrance|access-date=1 November 2017|work=Entrepreneur Philippines|date=20 July 2011}}</ref>
 
The company also managed Manong Pepe, a food chain patterned after the [[carinderia]] until 2011. Initially named Tio Pepe's Karinderia, the now defunct chain was meant to cater to people from the lower classes, particularly those from the socioeconomic class D demographic.<ref name="poor">{{cite news|last1=Marbella|first1=Winston|title=Strategy: targeting the poor|url=http://www.bworldonline.com/content.php?section=Opinion&title=strategy-targeting-the-poor&id=56084|access-date=1 November 2017|work=BusinessWorld|date=3 August 2012}}</ref> JFC discontinued the Manong Pepe business on April 9, 2011.<ref>{{cite journal|title=Jollibee Foods Corporation and Subsidiaries|page=58|url=http://www.jollibee.com.ph/wp-content/uploads/2014/05/JFCS_CFS1213_JollibeeFoodsCorporation.pdf|access-date=1 November 2017|publisher=SyCip Gorres Velayo & Co}}</ref>
 
In Greater China, Jollibee formerly owned stakes of two food chains; Taiwan-based Lao Dong, and Shanghai-based Chun Shui Tang until 2007.<ref name=getoutstaiwan/>
 
==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<!---There is no such thing as "Vietnam Stock Exchange" in Vietnam, source does not state if HCM or Hanoi Stock Exchange---> by July 2019.<ref>{{cite news|title=Jollibee, Viet Thai to list Highlands Coffee in Vietnam Stock Exchange|url=http://news.abs-cbn.com/business/11/21/16/jollibee-viet-thai-to-list-highlands-coffee-in-vietnam-stock-exchange|access-date=1 November 2017|work=ABS-CBN News|date=21 November 2016}}</ref>
 
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|Santo Tomas]], [[Batangas]] in the Philippines. The facility will be expected to process 45 million chickens per year.<ref>{{cite web|url=https://www.cargill.com/2016/cargill-jollibee-break-ground-on-poultry-processing-plant|title=Cargill, Jollibee break ground on the largest poultry processing plant in the Philippines {{!}} Cargill|website=www.cargill.com|language=en|access-date=2017-05-24}}</ref>
 
==Labor policy==
According to the [[Department of Labor and Employment (Philippines)|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.<ref>{{cite news |last1=Patinio |first1=Ferdinand |title=Jollibee tops list of firms engaged in labor-only contracting: DOLE |url=http://www.pna.gov.ph/articles/1036679 |access-date=28 June 2018 |agency=Philippine News Agency |date=28 May 2018}}</ref>
 
== Infringement in China ==
The existence of a fast food chain under the name "JoyRulBee" in the [[Guangxi]], [[China]] 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.<ref>{{Cite web|last=News|first=Jessica Fenol and Rose Carmelle Lacuata, ABS-CBN|date=2019-01-22|title=Jollibee on viral JoyRulBee: 'Taking steps' to protect trademark|url=https://news.abs-cbn.com/business/01/22/19/jollibee-on-viral-joyrulbee-taking-steps-to-protect-trademark|access-date=2020-11-03|website=ABS-CBN News|language=en}}</ref><ref>{{Cite web|title=Filipino fast food giant takes steps after reported JoyRulBee in China|url=https://interaksyon.philstar.com/business/2019/01/23/142716/jollibee-trademark-protection-joyrulbee-chinese-fast-food/|access-date=2020-11-03|website=interaksyon.philstar.com|language=en-US}}</ref><ref>{{Cite web|last1=Chain “Jollibee”|first1=China Copies PH Fast-Food|last2=It “JoyRulBee”|first2=Named|date=2019-01-21|title=China Copies PH Fast-Food Chain "Jollibee" & Named It "JoyRulBee"|url=https://philnews.ph/2019/01/21/china-copies-ph-fast-food-chain-jollibee-named-joyrulbee/|access-date=2020-11-03|website=Philippine News|language=en-US}}</ref>
 
==Notes==
{{Reflist|group=note}}
 
==References==
{{Reflist|30em}}
 
==External links==
* {{official website|http://www.jollibee.com.ph}}
 
{{Authority control}}
{{Jollibee|state=expanded}}
{{PSEi}}
 
[[Category:Jollibee Foods Corporation| ]]
[[Category:Multinational food companies]]
[[Category:Multinational companies headquartered in the Philippines]]
[[Category:Companies listed on the Philippine Stock Exchange]]
[[Category:1978 establishments in the Philippines]]
[[Category:Companies based in Pasig]]
[[Category:Philippine brands]]
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