Fastfood giant Jollibee Foods Corp. expects its foreign operations to account for 25 percent of business in the next two-three years and 50 percent by 2017.“We believe overseas business to continue to grow. We will be able to deliver the 25 percent growth even without new acquisitions," Jollibee chief finance officer Ysmael Baysa said in an interview Monday.
“But if we acquire more businesses, then we will further accelerate the growth of our overseas business," he added.
Jollibee is planning to put up another 100 stores overseas. As of end-September, Jollibee operates a total of 375 stores in the US, China, Vietnam, and Middle East.
The company’s aggressive expansion overseas will not affect its Philippine plans, Baysa pointed out.
“We look forward to a reasonable growth in the economy and we look forward to more stores opening next year in the Philippines. Our bigger store opening overseas will not lessen store openings in the Philippines," he said. — JE/VS, GMANews.T
Subscribe to Biztalk and Jobs via Email
Become a fan Biztalk and Jobs in Facebook
Follow me on Twitter
Blog Links:
Health and Wellness
The Leader
ACTRESS @ CELEBRITIES PHOTOS
Young and Adult Sexual Reprouctive Health
Organic Farming
No comments:
Post a Comment
Subscribe to Biztalk and Jobs via Email
Become a fan Biztalk and Jobs in Facebook
Follow me on Twitter