27 October 2005

Jollibee completes purchase of Red Ribbon

"Jollibee bought Red Ribbon for 1.8 billion pesos, and expects the acquisition to boost the group's annual sales by 2.5 billion pesos.

...the Jollibee group's worldwide network comprised 1,200 restaurants, which include Chowking, Greenwich and Delifrance outlets, as well as 88 Yonghe King stores in China...."
The Philippine fast food giant is still eating up everything in site.

Oh, and to non-Philippine visitors, Jollibee has constantly surpassed McDonalds in sales and brand recall here in this country.

I like McDonalds better. Eating a burger endorsed by a bug gives me the weelies. And let's not forget their other mascot who has spaghetti on her head.