Tag Archives: food and beverage

Queues as Jollibee Europe debuts in Milan

Jollibee-Italia-2

(Source: Inside Retail Asia | March 28, 2018) There were queues when Filipino fast-food giant Jollibee Europe opened its first-ever branch, in Milan. An estimated 170,000 Filipinos live in the Italian city. In the early hours of the outlet’s opening day, families, young people, members of the Filipino community, and even locals were lining up in front of the Jollibee ...

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NZ’s Epiphany Cafe eyes Asian expansion

ephipany

(Source: Inside Retail Philippines | March 15, 2018) A rural New Zealand donut maker is set to expand into Asia, initially targeting the Philippines, Indonesia, Malaysia and Singapore. Epiphany Cafe started just two years ago as a single family-owned store in the Waikato city of Hamilton, in the heart of New Zealand’s largest dairy-farming region. Since then it has expanded ...

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Max’s Group’s income rises by 12% to P627m

(Photo from: pageone.ph)

(Source: Manila Standard | March 16, 2018) Max’s Group Inc. registered a net income of P626.7 million in 2017, up 12 percent from P561.7 million in 2016, on strong restaurant sales and rollout of new stores. MGI said in a disclosure to the stock exchange system-wide sales rose 13 percent to P17.34 billion in 2017 from P15.34 billion in 2016. ...

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McDonald’s Philippines to add 40 stores

Mc-Donalds-Philippines

(Source: Inside Retail Asia | March 6, 2018) Golden Arches Development Corp (GADC) is planning to invest up to PHP2 billion (US$38.4 million) so McDonald’s Philippines can open at least 40 new stores this year. Majority owned by chairman/founder Dr George Yang and his family, GADC is the master franchise holder of McDonald’s in the Philippines and has been a ...

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Jollibee notches P7-B net income in 2017

jollibee-has-the-most-unusual-fast-food-in-the-country

(Source: Manila Bulletin | February 13, 2018) Jollibee Foods Corporation, the largest Asian food company, posted a 15 percent growth in attributable net income to P7.09 billion
in 2017 from the P6.17 billion earned in the previous year due to record store openings. In a disclosure to the Philippine Stock Exchange, the firm said system wide sales, a measure of all ...

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Consumer companies are in for a better year

shakeys

(Source: Manila Bulletin | January 21, 2018) While the market awaits the result of the country’s 2017 full-year and fourth quarter economic performance, participants are advised to look at the consumer sector, which would benefit from the healthy economy and tax reform program. COL Financial Group, Inc. said consumer companies are in for a better year this 2018 as it ...

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PHL F&B, retail sectors more profitable than telco, property

mall restaurant

(Source: Business Mirror | January 15, 2018) A comparative outlook at profitability indicators since 1997 shows that retail, and food-and-beverage companies have averaged higher rates of return than some of the top telecommunications and real-estate companies in the Philippines. These points to the capital-intensive nature of telco and real-estate industries, which contribute significantly to national infrastructure and development. An academic ...

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Jollibee Foods boosts Brunei, Hong Kong portfolios

jollibee-has-the-most-unusual-fast-food-in-the-country

(Source: Inside Retail Philippines | December 19, 2017) Philippine fast-food giant Jollibee Foods (JFC) has opened its sixth branch in Hong Kong and its 15th store for Brunei, the latter in the arrival area at the international airport. “When we started our first Jollibee Brunei branch in 1987, we wanted to appeal not only to Filipinos, but to locals as ...

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Jollibee continues branch expansion in Hong Kong, Brunei, UAE

jollibee_Dubai

(Source: Business World | December 15, 2017) Homegrown fastfood giant Jollibee Foods Corp. (JFC) continues to expand in Asia and the Middle East, adding three new stores as it moves forward with its plan to increase revenue contributions from international operations. JFC on Thursday said it recently opened three new stores located in Brunei International Airport, Hong Kong, and the ...

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Due to heavy traffic, e-commerce in the Philippines is booming

E-commerce And Online Shopping

(Source: Philippine Star | November 17, 2017) Every day, e-commerce grows in the Philippines. Such has been the assertion of Inanc Balci, president, co-founder and community chief executive officer for e-commerce portal Lazada, which claims to be the number one marketplace and the seventh most accessed website in the Philippines. “The Philippines used to be the SMS capital of the ...

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