How Jollibee Expands Globally and Becomes A Major Player in Asia’s Fast Food Market

How Jollibee Expands Globally and Becomes A Major Player in Asia’s Fast Food Market

Jollibee Foods, a major Asian fast-food operator, hopes to generate half its sales outside its home market of the Philippines within five to seven years, up from 30 per cent now, its chief executive told Reuters.

It also hopes to double its revenue in five years, as it expands its own chains and buys others, at a time when deal making in the restaurant sector is heating up as increasing competition and costs fuel consolidation.

Earlier this year, Coca-Cola agreed to buy Costa Coffee and JAB Holdings bought Pret a Manger, which Jollibee also considered.



The company, which has a market value of more than US$5 billion, already has 4300 stores under 14 brands in 20 countries. It operates Burger King stores in the Philippines, Dunkin Donuts in China and Highlands Coffee in Vietnam and is the majority owner of Smashburger in the US. Growth in China and the United States is key, Tanmantiong said.

“We intend to replicate what we did in the Philippines by having multiple brands in China and the USA,” CEO Ernesto Tanmantiong said in an interview on Thursday, ahead of the weekend opening of its first British Jollibee fried chicken restaurant in London.

The company last month entered into a venture with US chef Rick Bayless to build a Mexican chain.

Jolibee Hong Kong. Image:
Jolibee Hong Kong. Image:


China already accounts for 10 per cent of group sales, through Dunkin and its two local brands. There are currently no Jollibee restaurants in China, where rival KFC is very strong, but Tanmantiong sees its locations in Hong Kong and Macau as a gateway to the mainland.

Over the next five years the Jollibee chain, which began as an ice cream parlour in Manila, will expand in Europe, the United States and Asia.

A Manhattan Jollibee, New York City’s second, will open later this month, followed by one in Malaysia by the end of the year and one in Indonesia by 2020.

Huge lineups at Jollibee's first restaurant in Toronto. Image:
Huge lineups at Jollibee's first restaurant in Toronto. Image:


Overall, Jollibee expects to have 50 stores in Europe over the next five years, half of them in Britain.

“It has a big Filipino population and it has a big fried chicken market,” Tanmantiong said.

Jollibee has 41 stores in North America, the bulk of which are in the United States. Within five years, it expects this to balloon to 150 in the US and 100 in Canada.

The company is planning a stock market listing next summer of its Vietnamese coffee business, but Tanmantiong said no other of its businesses were currently ripe for a listing.


Source : South China Morning Post | Reuters

Tags: jolibee
Indah Gilang Pusparani

Indah is a researcher at Badan Perencanaan Pembangunan Penelitian dan Pengembangan Daerah Kota Cirebon (Regional Development Planning and Research Agency of Cirebon Municipality). She covers More international relations, tourism, and startups in Southeast Asia region and beyond. Indah graduated from MSc Development Administration and Planning from University College London, United Kingdom in 2015. She finished bachelor degree from International Relations from University of Indonesia in 2014, with two exchange programs in Political Science at National University of Singapore and New Media in Journalism at Ball State University, USA. She was awarded Diplomacy Award at Harvard World Model United Nations and named as Indonesian Gifted Researcher by Australian National University. She is Researcher at Regional Planning Board in Cirebon, West Java. She previously worked as Editor in Bening Communication, the Commonwealth Parliament Association UK, and diplomacy consulting firm Best Delegate LLC in USA. Less
View all posts

Terima kasih telah membaca sampai di sini