Jan 21, 2015

Jollibee inks master franchise deal for Dunkin' Donuts in China

JOLLIBEE FOODS Corp., the country’s largest fast food chain, on Friday said it will pour an initial investment of $18 million to own and operate Dunkin’ Donuts stores in China, through a joint venture with Asian investment firm RRJ Capital.

“The Dunkin’ Donuts deal provides us with an excellent opportunity to operate and expand one of the leading global coffee chain brands in the 2nd largest economy in the world,” Jollibee told the Philippine Stock Exchange.

“The projected sales and profit and loss in the first three years are not expected to be significant since the first few years will be focused on developing and building the store model and economics.”

Jollibee’s and RRJ’s wholly-owned subsidiaries Jollibee Worldwide Pte. Ltd. and Jasmine Asset Holding Ltd., respectively, signed a joint venture agreement on Friday, with the former having a 60% stake and the RRJ group, 40%. Read More:
Source: http://www.bworldonline.com/content.php?section=Corporate&title=jollibee-forms-joint-venture-for-dunkin&rsquo-donuts-deal-in-china&id=99941

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