Consumer
Jollibee Looks to Tap Deep US Investor Base for Overseas Unit
Jollibee Foods Corp. increasingly aims to compete globally with giants such as McDonald’s and Yum! Brands Inc.
Photographer: Veejay Villafranca/BloombergPhilippine fast-food group Jollibee Foods Corp. plans a US listing in order to tap into the nation’s deep investor base that offers the company more opportunities than its anemic home market.
The company, which increasingly aims to compete globally with giants such as McDonald’s and Yum! Brands Inc., expects to spin off its international unit and list in the US by late 2027, while its domestic business will remain on the Philippine bourse, among the world’s worst-performing exchanges in the past decade.