Jollibee eyes over 120 stores in West Malaysia


Food chain giant Jollibee Foods Corp. is expanding its international footprint through a joint venture seeking to establish and operate at least 120 stores in West Malaysia, covering the capital Kuala Lumpur.

Jollibee through its wholly-owned subsidiary, Golden Plate Pte. Ltd., and Beeworks Investment Pte. Ltd. will form a private company limited by shares under the laws of Malaysia (the JV) which will own and operate the Jollibee stores in West Malaysia

The deal includes the creation of a company in Malaysia with an initial investment of $8 million, the group said in a disclosure Thursday.

Jollibee’s subsidiary will hold 30% while Beeworks Investment will control 70% of the firm.

The deployment of at least 120 Jollibee stores is targeted within 10 years, starting next year.

The Filipino fast-food chain said it has a total of 885 stores in Southeast Asia, accounting for 6.7% of its global system-wide sales.

“The creation of the joint venture for Jollibee West Malaysia will accelerate even more this growth and will help make Southeast Asia a more significant business for the JFC group,” it said.

The Jollibee Group of Companies operates 17 brands in 33 countries.

Disclosure from PSE Edge: Disclosure

Jollibee eyes over 120 stores in West Malaysia 1

Trade Stocks:
Trade Crypto:
Get a 10% discount on Binance trading fees: BNWCMBAU

*The owner of StockBytes PH is a licensed Stockbroker and Financial Advisor, contact us if you want to open an account and start investing in stocks.

 Contact us/Services.

Ready to start your financial journey? email us at [email protected] or follow our social media account and join our groups, Cheers!