Jollibee Prepares for 2 Acquisitions

Jollibee Foods Corp. said Monday it plans to make one or two major acquisitions to become one of the five largest quick service restaurant operators in the world.

Jollibee chairman Tony Tan Caktiong said in an interview at the sidelines of a special stockholders’ meeting the acquisitions could be similar or bigger in size than the recent US$99-million purchase of US-based burger chain Smashburger.

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Source: The Standard

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