The Jollibee Group has relaunched Japan’s world-famous Beef Bowl Chain, Yoshinoya, in the Philippines with the opening of its Glorietta 1 Mall branch in Makati.
Yoshinoya is Jollibee Group’s first ever Japanese food chain, making it a strong addition to the foreign franchised brands currently oper
Jollibee forms JV with Yoshinoya to operate Japanese restaurant brand in PH
February 16, 2021
Philippine-listed fast-food giant Jollibee Foods Corporation (JFC) is forming a 50:50 joint venture with Yoshinoya International Philippines Inc (YIPI) to operate the Japanese beef bowl business Yoshinoya in the country, according to a disclosure Tuesday.
Financial details of the joint venture were not disclosed but Jollibee told the Philippine Stock Exchange that the JV will be the local franchisee of Yoshinoya, one of the largest and most recognised Japanese restaurant brands globally.
YIPI is the Philippine subsidiary of Asia Yoshinoya International and Yoshinoya Holdings, trademark owner of the Yoshinoya System, JFC said. YIPI currently operates three Yoshinoya stores. The joint venture plans to open 50 more stores in the country in the long term.
Jollibee Foods Corporation (JFC), one of the largest Asian food service companies, is acquiring a 50 percent stake in the Philippine franchise of the popular Yoshinoya restaurant of Japan.
In a disclosure to the Philippine Stock Exchange, JFC said it will establish a 50-50 joint venture with Yosh
Jollibee-Yoshinoya joint venture targets to open 50 stores in the Philippines bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.