BY F. YAP SECURITIES / 2TRADEASIA
Jollibee Foods Corporation (JFC) seeks to beef up funding with plans to acquire a US-based fast food firm that has strong regional brand & market capitalization of at least $1 billion.
This is part of JFC’s goal to raise revenue from overseas branches.
JFC chief Tan-Caktiong said a medium-sized firm would be ideal, as they’re shifting away from traditional markets of overseas Filipinos.
Since the purchase may be too big for JFC, Tan-Caktiong said they may look for a business partner, via private equity or a fund.