PHILIPPINES retail food giant Jollibee Foods plans to open at least 100 stores in China next year, said its CEO, who sees Covid lockdowns as a 'temporary setback' to getting half of company sales abroad, reports Bloomberg.
With food delivery expected to drive growth, the Philippine company that's known for dishes like fried chicken and sweet spaghetti targets to open smaller stores in China, Hong Kong and Macau where it now has more than 500 outlets, said Ernesto Tanmantiong.
Jollibee expects half of its sales to come from overseas stores by 2027, and aims to be among the top five restaurant chains in the world, Mr Tanmantiong said. The company is on track to surpass in 2022 its full-year profit before the pandemic, he said, citing its first nine months results.
SeaNews Turkey
With food delivery expected to drive growth, the Philippine company that's known for dishes like fried chicken and sweet spaghetti targets to open smaller stores in China, Hong Kong and Macau where it now has more than 500 outlets, said Ernesto Tanmantiong.
Jollibee expects half of its sales to come from overseas stores by 2027, and aims to be among the top five restaurant chains in the world, Mr Tanmantiong said. The company is on track to surpass in 2022 its full-year profit before the pandemic, he said, citing its first nine months results.
SeaNews Turkey
