Deals
Fried-Chicken King Chases McDonald's With U.S., China Hunt
- Jollibee wants to be among five biggest restaurant chains
- President says expansion plans will target overseas Filipinos
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Jollibee Foods Corp., the fast-food chain that controls more than half of the Philippines’ $4 billion market with its signature fried chicken, is looking for acquisitions to accelerate ambitious expansion plans in the U.S. and China.
The targets could be other fast-food chains as well as fast-casual restaurants like Smashburger, the U.S. franchise in which Jollibee owns 40 percent, President Ernesto Tanmantiong said in an interview.