Jollibee Wants to be Chinese?
Fast news. Jollibee Foods Corp. acquired 70 percent of Taiwanese restaurant chain Lao Dong for 61.1 million pesos. That’s equivalent to US$1.37 million. So they basically own now that company.
And last year, Jollibee also acquired a Chinese restaurant chain Hongzhuangyuan for about US$50.5 million. Now that’s a lot of money.
Why? I’m not entirely sure. I’m not a business expert. Perhaps Colayco can answer that. Until I get the chance to ask him, I’ll just have to keep my answers to myself (or I can give you something to read).
Fact is Jollibee wants to expand. Who doesn’t anyway. If you’re a big company and you can do it, why would you choose not to?
Jollibee is so large that it can actually feed the entire country. Ok, I was exaggerating. Another fact, they have 1,5000 outlets operating throughout the country and 194 operating overseas. I remember my old joke: Your place is not civilized or not a city unless you have a Jollibee branch.
I guess I’m seeing that they want this to happen (see the image). Jollibee on top of McDonald’s - literally. That may be something that Pinoys can be proud of. But why are they buying Chinese Restaurant Chains? Why not American or any other Restaurant lines? I just hope they won’t serve dumplings and hot noodles in their stores anytime soon.
3 Comments, Comment or Ping
chuvaness
I just hope they won’t serve dumplings and hot noodles in their stores anytime soon.
hahahah…y not?? ok naman yun ah…meron na nga silang lomi eh
lol just kidding
Jun 29th, 2008
kaiskeebeat
ano ba to ang dami ko ng comment. Jollibee is owned by a Chinese (ok Fil-Chi) family. Kaya siguro pumapakyaw ng Chinese chains.
Jul 2nd, 2008
Alfredo
regarding your post re “? I just hope they won’t serve dumplings and hot noodles in their stores anytime soon.”
they actually serve hot noddles na: starting with Jolibee Batchoy
Jul 8th, 2008
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