Why financial hardship is more likely if you’re disabled or sick 
Oil Prices Slide on U.S.-Iran Ceasefire Reports, Hormuz Talks 
AI is driving down the price of knowledge – universities have to rethink what they offer 
Bathla Group Hires Administrators as Australia Housing Slump Deepens 
Time to buy local: war fuel price shocks reveal the folly of a long food supply chain 
Australia’s Big Four Banks Face Mortgage Slowdown as Valuations Draw Scrutiny 
Meta Agrees to $18 Billion Settlement, Tightens Teen Social Media Rules 
Yes, government influences wages – but not just in the way you might think 
Disaster or digital spectacle? The dangers of using floods to create social media content 
Tesla Raises Cybertruck Prices by $5,000 in US 
Can your cat recognise you by scent? New study shows it’s likely 
BNP Paribas, KB Kookmin Eye $2 Billion Techcombank Stake 
Why a ‘rip-off’ degree might be worth the money after all – research study 
Hong Kong Home Prices Fall 0.5% in July, Ending Long Winning Streak 
Dollar Steady Ahead of Jackson Hole as Yen Holds Firm 
Add as a preferred source on Google
Jollibee Foods Corp. (JFC) has acquired a dominant share in its Hong Kong master franchisee, solidifying its global culinary position. This move aligns with JFC's strategic vision for brand growth in key markets.
In a stock exchange disclosure, JFC revealed that its Singapore-based unit, Golden Plate Pte. Ltd., finalized the deal on September 1st. It secured 60% ownership of master franchisee Meko Holdings Ltd. for $16.08 million.
Golden Plate, a wholly-owned subsidiary of Jollibee Worldwide Pte. Ltd., under the umbrella of JFC, will now take an active role in managing the operations of the Jollibee brand in Hong Kong. The remaining 40% of Meko's shares will remain owned by the existing franchisee's shareholders, ensuring continuity and preserving the local stakeholders' involvement.
JFC initially revealed its plans for the acquisition in April, stating that Hong Kong holds great strategic importance for the brand. With this finalized transaction, JFC holds a 60% stake in the once-fully franchised market.
Hong Kong, known for its diverse culinary landscape and popularity among local consumers and tourists, aligns perfectly with JFC's vision to elevate the Jollibee brand to new heights within a mainstream market.
As of June, the JFC store network has expanded by an impressive 5.1%, solidifying its position as a global player. The company operates 6,617 stores worldwide, with 3,287 stores in the Philippines and 3,330 stores across various international markets.
Following the announcement, JFC witnessed a slight dip in its stock price, with shares dropping by P1.20 or 0.5% to close at P238.80 each. JFC's acquisition of the majority stake in the Jollibee brand's Hong Kong franchisee signals its commitment to expanding its presence in key markets.
By taking advantage of the fast-growing food industry and leveraging its iconic brand, JFC continues to position itself as a leading player in the global culinary landscape.
