Speaking at the 17th Asia Pacific Retailers Convention and Exhibition, Flores said that Jollibee is set to expand its reach to four continents.
“Currently, we are present in two [continents], and in the next two years we will see Jollibee in four continents,” Flores said.
“We are doing our best to open our first stores in the UK and Italy next year, and soon in Australia and Japan. We will continue our journey with Jollibee as a truly global brand," he added.
Earlier this week, Jollibee said it was looking to acquire one or two more foreign-owned food suppliers, following its $99 million purchase of 40 percent of U.S.-based chain Smashburger.
"Maybe we need one or two more acquisitions," Tony Tan Caktiong, Jollibee chairman, told reporters.
"It will have to be similar size or bigger ones that will really help on the financial side," he added.
Jollibee Foods Corp. currently owns and operates 87 restaurants in the US, 32 of which are Jollibee units, 33 Red Ribbon stores, 19 Chowking stores, and 3 Jinja outlets.
In the Philippines, it is the largest food service network with a total of 2,834 outlets as of August 31, 2015. - with a report from Reuters
source: www.abs-cbnnews.com
