Under the agreement, the parties will establish a company in Singapore which will be owned 60% by GPPL and 40% by Beeworks. GPPL will have full management control of the company, while leveraging on Beeworks's experience, reputation and network to establish the "Jollibee" brand in Singapore. The initial funding for the Singapore company is USD1 Million.
The Jollibee Foods Corporation Group operates the Philippines' largest restaurant network. As of March 31, 2012, it was operating a total of 2,004 stores/branches in the country: Jollibee brand 752, Chowking 381, Greenwich 204, Red Ribbon 207, Mang-Inasal 436 and Burger King 24. Abroad, it was operating 509 stores: Yonghe King (China) 267, Hong Zhuang Yuan (China) 52, Jollibee 79 (US 26, Vietnam 32, Brunei 11, Jeddah 7, HongKong, Qatar and Kuwait, 1 each), Red Ribbon in the US 33, Chowking 40 (US 19, Dubai 17, Indonesia 2 and Qatar 2), Chow Fun (US) 3. San Pin Wang, JFC's new acquisition in China added 35 stores for a total of 2,513 stores/branches worldwide.
I think many Filipinos who are living in Singapore are waiting for many years when would Jollibee build branches in Singapore. This is there much anticipated moment that Jollibee will now enter in Singapore. I'm sure Filipinos in Singapore would welcome and love Jollibbe as much as Filipinos here in the Filipinos.
Do you live in Singapore? How do you feel that Jollibee will now enter there in Singapore? How about the kids?
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