Jollibee, Yoshinoya incorporate Philippine joint venture

Ramon Royandoyan (Philstar.com) – June 22, 2021 – 5:35pm MANILA, Philippines — Jollibee Foods Corp. announced Tuesday it completed the incorporation of its joint venture with Japanese food chain Yoshinoya. In a disclosure to the Philippine Stock Exchange, the homegrown fast food giant said the Securities and Exchange Commission cleared the 50-50 joint venture on June 18. The tie-up would see the opening of 50 new Yoshinoya stores nationwide. “JFC will benefit from Yoshinoya’s experience and know-how in Japanese cuisine. The Philippines remains JFC’s most important market and Yoshinoya will be ...