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Jollibee boosts stake in Smashburger to 85%

Homegrown food giant Jollibee Foods Corp. (JFC) has further ramped up its stake in United States-brand Smashburger with an additional investment of $100 million. In a disclosure to the stock exchange on Tuesday, JFC said its wholly-owned unit Bee Good! Inc. (BGI) has purchased 45% shares in Smashburger Master LLC (Master), bringing its ownership in […] The post Jollibee boosts stake in Smashburger to 85% appeared first on BusinessWorld......»»

Category: newsSource: bworldonline bworldonlineFeb 13th, 2018

Jollibee now owns 100% of US hamburger chain

Globalizing Filipino fast-food giant Jollibee Foods Corp. (JFC) has raised its stake in American hamburger chain Smashburger to 100 percent as the group braced for rapid expansion in the United States, one of its single largest overseas markets.   In a disclosure to the Philippine Stock Exchange on Friday, JFC announced it had acquired the 15 percent remaining interest in Smashburger held by BurgerMaster LLC for $10 million.   JFC, now the sole owner of the Smashburger business, also announced plans to inject more capital into this business by converting the $80-million loan of its unit Bee Good! into equity before the end of 2018. This is to "strongly support" the ...Keep on reading: Jollibee now owns 100% of US hamburger chain.....»»

Category: newsSource:  inquirerRelated NewsDec 15th, 2018

Jollibee takes full bite of Smashburger for $10M – The Manila Times

Jollibee takes full bite of Smashburger for $10M  The Manila Times JOLLIBEE Foods Corp. has fully acquired US-based Smashburger, following the purchase of its remaining stake in the Filipino-owned fastfoid chain for $10 … Source link link: Jollibee takes full bite of Smashburger for $10M – The Manila Times.....»»

Category: newsSource:  manilainformerRelated NewsDec 14th, 2018

Jollibee takes full bite of Smashburger for $10M

JOLLIBEE Foods Corp. has fully acquired US-based Smashburger, following the purchase of its remaining stake in the Filipino-owned fastfoid chain for $10 million or P526 million. In a regulatory filing on Friday,…READ The post Jollibee takes full bite of Smashburger for $10M appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsDec 14th, 2018

JFC completes deal to gain control of Smashburger

JOLLIBEE Foods Corp. (JFC) has completed its acquisition of an additional stake in American burger chain Smashburger, effectively expanding the homegrown fastfood giant’s global footprint. In a disclosure to the stock exchange on Tuesday, the listed company said it has completed all closing conditions and regulatory approvals for the acquisition of an additional 45% stake […] The post JFC completes deal to gain control of Smashburger appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 17th, 2018

Philippines’ Jollibee raises stake in U.S. based Smashburger Master

MANILA (Reuters) – Philippine fast-food giant Jollibee Foods Corp said it would pay $100 million for a 45 percent stake in Smashburger Master, making it the majority owner ofThe post Philippines’ Jollibee raises stake in U.S. based Smashburger Master appeared first on DZRH News......»»

Category: newsSource:  dzrhnewsRelated NewsFeb 14th, 2018

Jollibee craves for more stake in Smashburger

Jollibee craves for more stake in Smashburger.....»»

Category: newsSource:  rapplerRelated NewsMar 14th, 2017

Jollibee raising stake in Smashburger chain

Jollibee raising stake in Smashburger chain.....»»

Category: financeSource:  thestandardRelated NewsMar 14th, 2017

Jollibee takes 100% ownership of Smashburger

Filipino-owned Asian food conglomerate Jollibee Foods Corp. has taken 100 percent ownership of Colorado-based Smashburger, a famous casual burger brand......»»

Category: financeSource:  philstarRelated NewsDec 14th, 2018

Jollibee takes full control of Smashburger

Jollibee takes full control of Smashburger.....»»

Category: financeSource:  thestandardRelated NewsDec 14th, 2018

Jollibee boosts earnings by 26% in third quarter of 2018

Jollibee Foods Corp. grew its net income to P2 billion in the third quarter, up 25.9 percent year on year......»»

Category: financeSource:  philstarRelated NewsNov 12th, 2018

Jollibee nets P2B in Q3 amid global push

HOMEGROWN food giant Jollibee Foods Corp. (JFC) expanded its attributable profit by a fourth from July to September, lifted by its global store expansion alongside the consolidation of American burger chain Smashburger into its portfolio......»»

Category: newsSource:  bworldonlineRelated NewsNov 12th, 2018

Jollibee buys 47% stake in US-based Mexican restaurant

Filipino fastfood giant Jollibee Foods Corp. (JFC) is acquiring $12.4 million worth of shares in a US-based restaurant chain that serves Mexican food......»»

Category: financeSource:  philstarRelated NewsSep 8th, 2018

Jollibee says hola to Mexican food

After its entry into the mainstream American hamburger market via its takeover of the Smashburger chain, homegrown fast-food giant Jollibee Foods Corp. (JFC) will next seek to enter the Mexican foo.....»»

Category: newsSource:  philippinetimesRelated NewsJul 2nd, 2018

Jollibee to bring Smashburger to Asia

Asians will soon be able to grab a bite of the trademark 100 percent Angus beef burgers of Colorado-headquartered Smashburger, the casual burger brand acquired by Jollibee Foods Corp......»»

Category: financeSource:  philstarRelated NewsJul 1st, 2018

Jollibee gets bigger bite of US-based Smashburger

Philippine fast-food giant Jollibee Foods Corp. on Tuesday announced it has completed the acquisition of additional 45 percent share in US hamburger chain Smashburger Master LLC., as the homegrown food giant expands its global presence......»»

Category: financeSource:  philstarRelated NewsApr 17th, 2018

Ayala Land boosts stake in Prime Orion, positions it as industrial estate arm

MANILA, Philippines — Ayala Land Incorporated (ALI) folded its stake in Laguna Technopark Incorporated (LTI) into Prime Orion Philippines Incorporated (POPI), in a move that boosts its stake in the firm while positioning it as its logistics and industrial estate developer arm. ALI said that its “executive committee has approved ........»»

Category: newsSource:  rapplerRelated NewsMar 23rd, 2018

Jollibee firms up purchase of additional 45% in Smashburger

MANILA, Philippines — Jollibee Foods Corp. has formally signed an agreement to purchase an additional 45 percent of US-based Smashburger Master LLC......»»

Category: financeSource:  philstarRelated NewsMar 8th, 2018

Jollibee to refinance Smashburger’s $80-M loan

HOMEGROWN fastfood giant Jollibee Foods Corp. (JFC) is planning to refinance Smashburger Master LLC’s $80-million loan as it focuses on ensuring the long-term growth prospects of the Denver-based burger chain. In a disclosure to the stock exchange on Thursday, JFC said it has signed a commitment letter with Smashburger’s parent SJBF LLC for the payment […] The post Jollibee to refinance Smashburger’s $80-M loan appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMar 8th, 2018

MPIC boosts Meralco stake

Expands exposure in power sector.....»»

Category: financeSource:  philstarRelated NewsJun 14th, 2017

Jollibee to buy bigger chunk of US-based Smashburger

Jollibee to buy bigger chunk of US-based Smashburger.....»»

Category: newsSource:  manilatimes_netRelated NewsMar 14th, 2017