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Jun 21, 2013 · Jollibee Food Corporation (JFC) buys out remaining 30 percent equity shares of Mang Inasal Philippines (MIPI) for P2 billion. This move is in line with the terms sited under the Shareholders’ Agreement on 22 November 2010, when JFC acquired the initial 70 percent stake of the MIPI. With this acquisition, JFC now owns 100% of Mang Inasal ...
May 29, 2024 · May 29, 2024 – Three brands of the Jollibee Group – Jollibee, Mang Inasal, and Chowking – have been named among the Top 30 Most Valuable Brands in the Philippines by Brand Finance, a leading global independent brand valuation company. Jollibee has been ranked second, while Mang Inasal and Chowking have been ranked 15th and 22nd respectively.
Mang Inasal Philippines, Inc., or simply Mang Inasal (Hiligaynon for "Mr. Barbecue"), is a barbecue fast food restaurant chain in the Philippines established on December 12, 2003, in Iloilo City. It is one of the most popular fast food chains in the Philippines, known for serving chicken inasal (grilled chicken) and for introducing unli-rice (unlimited rice) to Philippine restaurant culture.
In 2005, Jollibee acquired Red Ribbon, a bakeshop business in the Philippines. [24] [25] On October 19, 2010, Jollibee acquired 70% share of Mang Inasal, a Filipino food chain specializing in barbecued chicken, for ₱3 billion ($68.8 million). [26] [27] [28] JFC subsidiary Fresh N' Famous Foods, Inc. manages the Greenwich and Chowking brands.
- Chowking. JFC’s acquisition of Chowking Foods Corp. was completed in March 2000. The Oriental fast food chain has 590 stores at home and 47 stores abroad.
- Greenwich. In 1994, JFC ventured into the pizza-pasta segment with its acquisition of Greenwich Pizza Corp. As of end-June, there are 284 Greenwich stores in the country.
- Red Ribbon. In 2005, JFC bought Red Ribbon Bakeshop as part of its goal to be a major global food service company. The cake and pastry restaurant chain — which also serves popular Filipino dishes and confectionaries — has 479 stores nationwide and has 31 branches in the US.
- Mang Inasal. JFC acquired the 70% stake of barbecue fast-food chain operator Mang Inasal in 2010 as part of continuing efforts to beef up its business portfolio.
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Apr 22, 2016 · Jollibee Foods Corp. (JFC), the Filipino-owned food giant, now owns 100 percent of Mang Inasal Philippines Inc. after acquiring the remaining 30 percent stake held by the Sia family for P2 billion.
