If you enjoy Jollibee, you might be interested to learn who owns the well-known fast food company. The Philippines-based multinational corporation Jollibee Foods Corporation is the answer. Tony Tan Caktiong established Jollibee Foods Corporation in 1978, and it is currently the parent business of Jollibee and a number of other subsidiaries.
Jollibee Foods Corporation was founded by Tony Tan Caktiong, who also serves as its chairman.
He founded the business in the Philippines with just two ice cream shops, and since then, he has grown it into a massive fast food conglomerate.
Jollibee Foods Corporation, one of the biggest and most prosperous fast food chains in the world today, with more than 1,500 locations across the globe.
Ownership of Jollibee
The parent organization of the Filipino fast food restaurant business Jollibee is called Jollibee Foods Corporation (JFC).
In 1975, Tony Tan Caktiong and his family established JFC. Tony Tan Caktiong is still the chairman of JFC as of September 2023, and his family holds a sizable percentage of the stock.
JFC is a publicly traded business, and the Philippine Stock Exchange lists its shares.
The largest JFC stockholders as of September 2023 are:
- Tony Tan Caktiong and his family, who own approximately 54% of the company’s shares
- Public investors, who own approximately 46% of the company’s shares
Over the years, JFC has also acquired a number of other fast food companies, such as Chowking, Greenwich Pizza, Red Ribbon, and Mang Inasal.
The company’s biggest brand, Jollibee, continues to generate the majority of its sales.
As of September 2023, there will be more than 1,500 Jollibee locations worldwide thanks to JFC’s recent quick growth.
Southeast Asia, the Middle East, East Asia (Hong Kong and Macau), North America, and Europe (including Spain, Italy, and the UK) are all regions where the company operates restaurants.
Tony Tan Caktiong: The Founder
Since 1978, the well-known fast-food chain Jollibee has been providing customers with delectable meals.
Tony Tan Caktiong, a Filipino-Chinese businessman who founded Jollibee in 1975 as an ice cream shop, is the company’s creator.
In the year 1953, Tony Tan Caktiong was born in the Philippines. He earned a Chemical Engineering degree from the University of Santo Tomas.
He obtained experience in the culinary industry while working for his family’s company, Magnolia Ice Cream, after graduating.
Tony Tan Caktiong and his family made the decision to launch their own company, which they called Jollibee, in 1975.
In Cubao, Quezon City, they first started out by selling ice cream from a little cart.
They extended their enterprise three years later and opened the first Jollibee outlet in the same place.
The goal of Tony Tan Caktiong when he founded Jollibee was to develop a fast-food enterprise that would appeal to Filipino consumers’ palates.
He aimed to deliver food that was inexpensive, delectable, and prepared from premium products.
His perseverance and hard work paid off, and Jollibee quickly rose to prominence as one of the country’s most well-known fast-food businesses.
Jollibee is a well-known international brand with more than 1,400 locations now.
The Jollibee Foods Corporation, which also owns the Greenwich Pizza and Red Ribbon Bakeshop businesses in addition to the Jollibee brand, is still led by Tony Tan Caktiong.
Jollibee Foods Corporation: The Parent Company
The parent firm and owner of the Jollibee fast food brand is Jollibee Foods Corporation (JFC).
Tony Tan Caktiong and his family established it in Quezon City, Philippines, in 1975.
With a market capitalization of more than $5 billion as of September 2023, JFC is one of the biggest fast food chains in the world.
The success of JFC has been ascribed to its main brand, Jollibee, which is renowned for its delectable and cost-effective fast cuisine in the Filipino style.
JFC has bought some of its rivals in the fast food industry throughout the years, including Chowking, Greenwich Pizza, Red Ribbon, and Mang Inasal in the Philippines and internationally.
With eateries throughout Southeast Asia, the Middle East, East Asia (Hong Kong and Macau), North America, and Europe (including Spain, Italy, and the UK), JFC runs more than 1,500 Jollibee stores globally as of September 2023.
The goal of JFC is to provide delicious meals and spread the joy of eating to everyone.
JFC is dedicated to giving its customers top-notch meals and support. It has a robust CSR program that includes measures to promote environmental sustainability, disaster relief, and educational programs.
For those with the Bayanihan spirit—defined as an action in which individuals cooperate for the benefit of all—JFC also offers job prospects.
If you possess the Bayanihan spirit, JFC would be delighted to have you as a member of the Jollibee family.
Subsidiaries of Jollibee Foods Corporation
With a market share of more than 50%, Jollibee Foods Corporation (JFC) is the biggest food service network in the Philippines. Fast food, casual dining, and bakery companies are just a few of the many food brands it manages. Here are a few of JFC’s subsidiaries:
The flagship brand of JFC is the Filipino fast food restaurant chain Jollibee. Jollibee restaurants can be found throughout Southeast Asia, the Middle East, East Asia (Hong Kong and Macau), North America, and Europe (including Spain, Italy, and the UK). As of September 2023, there were more than 1,500 Jollibee locations globally.
Chinese fast food chain Chowking offers both Chinese and Filipino fare. It has more than 600 outlets in the Philippines and other nations, and JFC bought it in 2000.
Pizza and pasta restaurant chain Greenwich was established in the Philippines in 1971. It has approximately 300 locations in the Philippines and was purchased by JFC in 1994.
A chain of bakeries called Red Ribbon focuses on cakes and pastries. It was established in the Philippines in 1979, and JFC bought it in 2005. In the Philippines and other countries, it has more than 450 stores.
Breakfast, noodles, and congee are available at the Chinese fast food franchise Yonghe King. It has more than 300 outlets in China and was purchased by JFC in 2004.
Vietnamese coffee chain Highlands Coffee was established in 2000. It has more than 300 outlets in Vietnam and was purchased by JFC in 2012.
American fast-casual burger chain Smashburger was established in 2007. It has more than 300 outlets in the US and other countries, and JFC purchased it in 2018.
The more than 30 nations where JFC’s companies operate and the more than 150,000 people they employ globally. The corporation is a prominent force in the global food sector thanks to its broad portfolio of food brands that enable it to serve a variety of countries and demographics.
Frequently Asked Questions
Who owns Jollibee?
Jollibee is owned by Jollibee Foods Corporation (JFC), a Filipino multinational company. As of September 2022, JFC operates more than 6,300 stores worldwide, with system-wide retail sales totaling ₱ 210.9 billion. JFC is publicly traded on the Philippine Stock Exchange and has a number of subsidiaries, including Chowking, Greenwich Pizza, Red Ribbon, and Mang Inasal.
Is Jollibee a franchise?
Yes, Jollibee is a franchise. The company has a franchising program that allows entrepreneurs to open their own Jollibee stores. The program includes training, marketing support, and ongoing assistance from Jollibee. The company has strict requirements for franchisees, including financial stability, business experience, and a commitment to customer service.
How many Jollibee stores are there?
As of September 2023, there were over 1,500 Jollibee outlets worldwide, with restaurants in Southeast Asia, the Middle East, East Asia (Hong Kong and Macau), North America, and Europe (including Spain, Italy, and the UK). Jollibee is particularly popular in the Philippines, where the company was founded in 1978.
What is Jollibee’s menu like?
Jollibee’s menu includes a variety of fast food items, including burgers, fried chicken, spaghetti, and rice meals. The company is known for its signature dish, Chickenjoy, which is fried chicken that is crispy on the outside and juicy on the inside. Jollibee also offers a range of desserts, including the popular Peach Mango Pie.
Does Jollibee offer delivery?
Yes, Jollibee offers delivery in select locations. Customers can order online or through the Jollibee delivery hotline. The company also has a mobile app that allows customers to order and track their deliveries. Delivery fees and minimum order amounts may vary depending on the location.
- Jollibee Foods Corporation is the parent company of Jollibee and several other subsidiaries.
- Tony Tan Caktiong is the founder and chairman of Jollibee Foods Corporation.
- Jollibee Foods Corporation has over 1,500 outlets worldwide and is one of the largest and most successful fast food companies in the world.