Philippine Fast Food Specialist Jollibee Hungry To Expand In U.S., China

From: cnbc.com

MANILA, Sept 13 (Reuters) – Jollibee Foods Corp, the Philippine fast food specialist known for fried ‘Chickenjoy’ and chopped hotdogs in sweet spaghetti sauce, is doubling down on expansion plans in the United States and China that are likely to include more M&A.

Helped by the purchase of California-based Coffee Bean & Tea Leaf in July and having taken full control of Denver-based Smashburger in 2018, it wants to earn 30% of its revenue in the United States in a decade’s time…

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