Reuters logo
Philippines' Jollibee Foods looks to acquire $1 bln U.S. firm
January 22, 2015 / 7:47 AM / 3 years ago

Philippines' Jollibee Foods looks to acquire $1 bln U.S. firm

MANILA, Jan 22 (Reuters) - The Philippines’ Jollibee Foods Corp said on Thursday it was looking to acquire a U.S.-based fast food company with a market value of $1 billion, to boost revenue from offshore ventures.

Jollibee, the Southeast Asian country’s largest fast food company that outsells local McDonalds and KFC restaurants, confirmed via a stock market filing the acquisition plan first reported by a local newspaper.

The BusinessMirror newspaper had quoted Jollibee Chairman Tony Tan-Caktiong as saying the company may look for a partner for the possible acquisition. (Reporting By Erik dela Cruz; Editing by Anupama Dwivedi)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below