Jollibee’s Full Acquisition of Tim Ho Wan

11 月 6 日

MANILA – Jollibee Foods Corp (JFC) has completed its acquisition of the Michelin-starred restaurant chain, taking full control of its operations.

Expanding JFC’s Chinese Cuisine Portfolio

With this acquisition, the brand will be the cornerstone of Jollibee’s Chinese cuisine segment, which operates around 80 locations worldwide. Known for its popular dishes such as Barbecue Pork Buns and Steamed Rice Rolls, this addition aligns with the company’s strategy to bring diverse flavors to international markets.

Jollibee’s Continued Global Growth

The company’s recent acquisitions, including Compose Coffee and Milksha, reflect its ongoing international expansion. Jollibee’s brand value surged by 51 percent to $2.3 billion in 2024, solidifying its place among top global restaurant brands. JFC’s net income also rose by 29 percent during the first half of 2024, marking strong financial growth.