Latest Food News - Inside Retail Philippines
Shakey’s Pizza Asia Ventures has grown its first-quarter net profit by 6.4 per cent to PHP184 million despite heavier input costs.
Jollibee Foods says it will invest S$45 million in a private equity fund to acquire the master franchise of Tim Ho Wan in Asia Pacific.
Celebrity siblings Maxene and Elmo Magalona have opened a Milky & Sunny restaurant in Quezon City.
The latest Philippines franchise business matching event is scheduled for Manila in May.
Jollibee Foods has completed its 85% acquisition of US-based Smashburger.
Jollibee Foods Corporation has opened its first Toronto store to a queue of fans, some waiting up to eight hours.
Alfamart Philippines owner Sumber Alfaria Trijaya plans to add 150 more outlets to its portfolio of 400.
There were queues when Jollibee Europe opened its first-ever branch, in Milan.
After launching last year, Honestbee Philippines has set a goal of national expansion.
Philippine restaurant company Max’s Group recorded a 12 per cent rise in net income last year to reach PHP626.7 million (US$12 million).
Bangkok’s Nara Thai restaurant has opened a branch in the Philippines.
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.