Jollibee Acquires Majority Stakes of Burger King Philippines

In a disclosure to Philippine Stock Exchange (PSE), Jollibee Foods Corporation (JFC) said it signed an agreement to buy majority ownership of BK Titans Inc., owner of PERF Restaurants, Inc., the sole franchisee of Burger King in the Philippines.

The fast food giant is investing P65.5 million to purchase a 54% share of the equities of BK Titans Inc.

Burger King has 23 branches in the Philippines and generates an annual revenue of P800 million. It's products is priced 30% higher than comparable Jollibee products.

JFC runs the largest fast food network in the country with a total of 1,941 Jollibee, Chowking and Red Ribbon stores as of August this year. Last year, it acquired Mang Inasal for P3 billion.

Comments

Marian Rivera Skype scandal?

An alleged photo of Marian Rivera that looks like she’s naked while having a video conversation with someone has become viral on social networking sites on Thursday, September 26, 2013.

Ram Revilla-Janelle Manahan Video Scandal

A sex video scandal of Janelle Manahan and the late Ram Revilla has been making its rounds on the internet and creating a buzz. The video was shot by Ram himself while he and his girlfriend was having intimate fun in the bathroom. Janelle was aware of what Ram was doing because he was actually holding the camera.

Paolo Contis' alleged video scandal leaks online

Joining the list of male celebrities with alleged video scandal is Paolo Contis, whose name has recently become trending on social media together with screenshots taken from a sensitive video of a man that looks a lot like him. Screen captures of the alleged Paolo Contis video scandal has made its way to various blogs. Collage of screenshots, allegedly all taken from the said scandalous video, are now starting to spread on the internet.

Get to know Mommy D's boyfriend (VIDEO)

Boxing champ Manny Pacquiao revealed last month that his mom, Mommy Dionisia, has a younger boyfriend.

PBB Teen Edition 4 Audition at MOA on January 6 & 13

Aside from the London leg, Pinoy Big Brother Teen Edition Season 4 is going to hold auditions at the Mall of Asia in Pasay City on January 6 and 13, 2012. To qualify, you must be 13-17 years old. Just bring your birth certificate to the audition venue along with a friend, relative or family member who is at least 20 years old.

The Ultimate Fan

Search This Blog