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| photo from wikipedia |
Try to ask who is Jollibee from any kid in the Philippines and he will not surely miss the right answer! This popular chain of fast-food restaurants started in 1975 as a Magnolia ice cream parlor in Cubao, owned by Mr. Tony Tan. In 1986, Jollibee opened its first international restaurant in Taiwan. It's 100th restaurant was opened in Davao City in 1991 and in 1993, Jollibee Foods Corporation (JFC) became a listed company in the Philippines Stock Exchange with an initial offering of P9 per share (as of January 21, 2011, its shares were trading at an average of P80.81 per share). The JFC's subsidiary also operates and franchises other restaurants, including Greenwich and Red Ribbon Bakeshop, Inc. By the end of 2009, the Company had 686 restaurants in the Philippines and 57 international branches located in Brunei, the USA, Vietnam, Hong Kong, Dubai, Guam and Spain, to name a few. Today, Jollibee is still one of the busiest restaurants in the Philippines.
source: http://www.jollibee.com.ph, Philippine Stock Exchange
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