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    Philippines' Jollibee buys half of SuperFoods

    Associated Press – Tue, Jan 24, 2012

    MANILA, Philippines (AP) — Philippines fast-food giant Jollibee Food Corps. says it has bought a 50 percent stake in Asian food company SuperFoods Group.

    Superfoods owns and operates Highlands Coffee Shops in Vietnam; Highlands Coffee Packaged Products; Hard Rock Cafe franchises in Macau, Hong Kong, and Vietnam; and the Pho 24 brand and restaurants in Vietnam, Indonesia, Philippines, Hong Kong, Cambodia, and Japan.

    Jollibee said Tuesday the $25 million investment is part of its joint-venture with Vietnam-based Viet Thai International Stock Company. The deal also involves a $35 million loan to Viet Thai, with Jollibee already advancing $5 million to SuperFoods.

    The purchase gives Jollibee a 49 percent stake in SF Vung Tau Joint Stock Company, and a 60 percent stake in Blue Sky Holdings Limited which are vehicles for SuperFoods brands.

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    67 comments

    • James
      James  •  4 months ago
      Their Yumburger isn't too bad, and the mascot seems nice.
    • putingpinoy
      putingpinoy  •  Detroit, United States  •  4 months ago
      hindi ko tikman ng jollibee.. anong lasa??
    • FirstFreeDom&Democracy
      FirstFreeDom&Democracy  •  4 months ago
      goldilocks too, they should expand internationally
    • Karl
      Karl  •  Seattle, United States  •  4 months ago
      They openned one here just south of Seattle a few years back... not bad, esp compared to McD or Burger King...
      • display name
        display name 4 months ago
        Except the traffic around SouthCenter Mall is suicide.
    • ManilaBoy
      ManilaBoy  •  4 months ago
      Jollibees sphaghetti is the ' BEST '...
      • Boyong
        Boyong 4 months ago
        Sweet spag. Yucky!
      • jiller k
        jiller k 4 months ago
        well, we love sweet spaghetti, DUH
      • spinner
        spinner 4 months ago
        tea also fish heads, pigs heads, dog, etc...
    • alex
      alex  •  4 months ago
      Jollibee is gross.
    • Myxylplck
      Myxylplck  •  4 months ago
      Awesome....the downside is business climate in the Phil is so bad that the big guns of Phil business is already diversifying and investing OUTSIDE of the Phil...so who gets to generate jobs and where? Wake up PHL gov.
      • jiller k
        jiller k 4 months ago
        well, how about thinking that Jollibee is also generating jobs in other Asian and Middle East markets, is it also bad? Jobs are jobs! I am sure the company will add accountants, auditors and other office staff as it grows, and for ____ sake, the Philippines has been doing the jobs of IBM, Maersk and other big companies already so sharing jobs with other countries is not too bad.
      • chris
        chris 4 months ago
        isa na naman negative thinker na alang alam sa economics.
      • Rastaman
        Rastaman 4 months ago
        Read the article again, SuperFoods has stakes in the Philippines aside from the other Asian countries... Knowing Jollibee, these shops will mushroom anywhere and everywhere in the country.
        And besides, the whole world is in recession. What it needs is another shot in the arm, in this case an global expansion ain't that bad...
    • yourgorilla
      yourgorilla  •  4 months ago
      Jollibee had become a fast food giant & is now worldwide. Way to go Philippines!
      • Loreto,jr. Tanutan
        Loreto,jr. Tanutan 3 months ago
        bakit wala sila branch dito sa singapore?dami naghahanap ng jolibee chicken dito specially my apo..kaya nagtityaga na lng ng fake jaribee dito sa orchard mga pinoy..
    • pekpekmoe
      pekpekmoe  •  4 months ago
      fried chicken!
    • Christian
      Christian  •  4 months ago
      FAQ! Thousands have graduated working for Jollibee. JB only accepts young individuals to work as a service crew especially students but they are not a fan of regularization. They will just rotate service crew to other store when end of contract comes and so on and so forth... Anywaist! thanks JB! P.S Jollibee mascot is Gay! GO Yum Burger
    • Religion is Trouble
      Religion is Trouble  •  4 months ago
      Jollibee in Sydney please
    • Shlumgullya
      Shlumgullya  •  4 months ago
      I wish they had a Jollibee in Philadelphia.
    • jiller k
      jiller k  •  4 months ago
      I LOVE JOLLIBEE hamburgers. the patty tastes mildly sweet. Im glad there are Jollibee stores in USA so I wont be forced to eat in Mcdonalds
    • 3FL
      3FL  •  4 months ago
      Not picky at all but Jollibee is pretty awful even by fast food standards. But it's considered good food by Filipinos. Acquired taste?
    • Noe
      Noe  •  Bulacan, Philippines  •  4 months ago
      But who owns Jollibee? Who is the majority stockholder, the individual, not the holding company? As chickenjoy consumer, we have the right to know.
    • Rick
      Rick  •  Cebu, Philippines  •  4 months ago
      I still prefer 2 all beef patties on a sesame seed bun!
    • FirstFreeDom&Democracy
      FirstFreeDom&Democracy  •  4 months ago
      nice terminate MCDONALDS, also chowking is subsidy of jollibee. best asian fast food in asia. made in the phils. baybeehh
    • Buraot
      Buraot  •  4 months ago
      Ang bigat-bigat ng trabaho...
      Ang gaan-gaan ng sweldo.
    • pedropenduko
      pedropenduko  •  Manila, Philippines  •  4 months ago
      THIS MEANS

      more cheap chinese food products coming in the country
      safety standards and quality follows...........

      BASTA FROM CHINA ANO NGA?

      hehehhehehehehehe
    • C
      C  •  4 months ago
      Chinese Foreign Investment. It's more fun in the Philippines! ( low wage, red tape, etc)
     Post a comment

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