Last Monday, Fastfood giant Jollibee Foods Corp. said it is buying 70 percent of Mang Inasal Philippines Inc. — a Filipino food chain — for P3 billion. But still Mang Inasal owner Edgar Injap Sia III of Injap Investments Inc.will keep 30 percent equity in Mang Inasal. Jollibee said, the purchase of Mang Inasal will add 5 percent to the fastfood giant’s worldwide system sales and 7 percent to its profits. It will also increase by 16 percent Jollibee Foods' worldwide store network.
Moreover, Jollibee Foods, founded by businessman Tony Tan Caktiong, has 1,578 stores in the country and 375 abroad. Locally, the Jollibee brand has 703 stores, Chowking (404), Greenwich (218), Red Ribbon (215), Delifrance (23), and Manong Pepe’s (15).
Our question now, what will happen to Unlimited Rice promo of MI? Will it still continue?
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