BY ANGPING & ASSOCIATES SECURITIES
Jollibee Foods Corporation (JFC) is preparing to open its first branch in Canada this year while hoping to make its initial foray into Europe and Japan over the next two to three years.
Canada, Japan and Europe are among the locations being eyed due to the growing number of Filipinos in these areas.
JFC ended 2014 with a total branch network of 2,913 stores worldwide across its brand portfolio.
As of end-December last year, it operated the largest fastfood service network in the country with a total of 2,301 restaurants – 858 Jollibee, 410 Chowking, 211 Greenwich, 323 Red Ribbon, 456 Mang Inasal, and 43 Burger King.
Aside from the planned expansion of the Jollibee brand abroad, JFC intends to open five Dunkin’ Donuts stores in China this year, with an investment of PHP 12.0 million to PHP 15 million per store.