Bits and Snippets of the Philippines

Basic Reading of Global Filipinos

Posts Tagged ‘fast food

Jollibee gives up operations in Taiwan and Shanghai

leave a comment »

Philippine fast food giant Jollibee Foods Corp. (JFC) has given up its operations in China’s Taiwan and Shanghai and chosen to focus on “building bigger brands” in other parts of China.

JFC gave up its 70 percent stake in Lao Dong Pte. Ltd. which operates Lao Dong restaurants in Taiwan. It also terminated its franchising agreement with Chun Shui Tang Tea House and shut down its stores in Shanghai.

Read more at Individual

Advertisements

Written by Raffy Pekson II

December 9, 2009 at 4:46 pm