Jollibee buys 54 percent of Burger King in PH

GMA News Online reports that "Jollibee Foods Corp. (JFC) is buying a 54-percent stake in BK Titans Inc., owner of PERF Restaurants Inc., the Philippine franchise holder of the Burger King brand."

GMA News Online reports that "Jollibee Foods Corp. (JFC) is buying a 54-percent stake in BK Titans Inc., owner of PERF Restaurants Inc., the Philippine franchise holder of the Burger King brand."

 

The report revealed that PERF Restaurants operates 23 Burger King restaurants in the Philippines, most of which are located in Metro Manila, and has an annual revenue of about P800 million.

 

Meanwhile, Inquirer.net reports: "With the entry of Jollibee into BK Titans, the fast-food giant will still have as minority partners the groups of businessmen Manuel V. Pangilinan (13 percent) and Alberto Lina (33 per cent)."

 

Burger King joins the JFC Group of Companies’ roster of brands, which include Jollibee, Chowking, Greenwich, Red Ribbon, Caffe Ti Amo, and Mang Inasal.

 

For more on this story, log on to GMA News Online and Inquirer.net.

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