Latest Stories

JFC eyes 200 new stores in PH, overseas in ’13


Local fast-food giant Jollibee Foods Corp. plans to open a total of 200 new stores this year, half of which will be in the Philippines and half overseas, mostly in mainland China.

In an economic forum held by ING and the Economic Journalists Association of the Philippines yesterday, Jollibee chief finance officer Ysmael Baysa said that after opening 100 new stores in the Philippines and 100 overseas this year, JFC would further expand store network by at least 10-15 percent next year.

Baysa said JFC was unfazed by the current volatility in emerging market assets. “It’s better to have the correction now when it’s not yet catastrophic,” he said.

He said JFC would continue its business expansion program. “There’s money. There’s opportunity… where others go away, we can get in,” he said.

The store expansion program forms part of JFC’s P5-billion capital spending program. “That number (budget) hasn’t changed despite recent volatility,” he said.

Most of the overseas store expansion will be in mainland China, where the group plans to reach a critical mass of 500 stores by next year, said Baysa. This is the scale needed for JFC to break even in China, the company’s single biggest overseas market.

JFC’s goal is to eventually grow overseas business to account for half of its total business but because the local market is growing rapidly, this remains a distant dream. At present, the offshore market accounts for 20 percent of sales turnover.

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Business , expansion , food , JFC , Jollibee Foods Corp.

  • Guest

    You can have as many branches as you want in the philippines with all your greasy foods, Full of TRANSFAT, CHOLESTEROLS, FATS, SALT. All of them are major ingredients for blood pressure, diabetes and heart attack.

    Look at your San Francisco store, no one eats there but those fl¡p mørons mønkeys. Opening another one for more mønkeys.

    • rock_steady

      That includes you.

    • lanceads


Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • $57-B mega plan to solve Metro’s mega woes
  • Aquino vows to step up fight against corruption
  • Santiago scoffs at rushing defense pact for Obama visit
  • Former solon, 2 others sanctioned for unfair labor practice
  • Let us pray for the nation, healing priest asks leaders
  • Sports

  • UE Warriors test new system in Filoil Hanes Cup
  • Boxer Rubin ‘Hurricane’ Carter dies at 76
  • Wawrinka beats Federer to win Monte Carlo Masters
  • Rain or Shine grabs No.4, sends Ginebra to 8th
  • Red-hot Alaska rips injury-depleted San Mig Coffee
  • Lifestyle

  • Transitions and resurrection in the performing arts
  • ‘Archaeology tour’ of Cebu’s heritage of faith
  • Historic Fort Bonifacio tunnel converted into a septic tank
  • ‘Imports’ from London, and play of the year
  • Korean animation comes of age
  • Entertainment

  • Easter musings
  • Solenn in shorts
  • Unmerry mix of attention-calling moves on ‘Mini-Me’ TV tilts
  • Persistence pays off for The 1975
  • Special section in LA fest for Filipino films
  • Business

  • BDO seen keen on bidding for Cocobank
  • Bataan freeport investment pledges up 1,302%
  • Golden Week
  • Bourse to woo Cebu stock mart investors
  • Supper power
  • Technology

  • Nasa’s moon-orbiting robot crashes down
  • Netizens pay respects to Gabriel Garcia Marquez
  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Facebook rolls out ‘nearby friends’ feature
  • Netizens seethe over Aquino’s ‘sacrifice’ message
  • Opinion

  • Gigi’s home
  • Palace stonewalls on MRT inquiry
  • Couple of things too
  • There is plenty of water behind Wawa Dam
  • Triduum thoughts of a young boy
  • Global Nation

  • Search for Etihad passengers launched
  • Japan presents $57-B ‘dream plan’ to solve Metro congestion
  • Tim Tebow’s charity hospital in Davao seen to open in 7 months
  • OFW died of Mers-CoV in Saudi Arabia, says family
  • Aquino, Obama to tackle US pivot to Asia during state visit
  • Marketplace