MANILA – Jollibee Foods Corporation (JFC) is advancing plans for a US stock market listing of its international operations by late 2027, aiming to carve out its fast-growing global business as a separate entity to attract dedicated capital and unlock higher valuation. The strategy involves creating Jollibee Foods Corp. International—housing all non-Philippine brands and stores—to fuel aggressive expansion while the domestic core remains focused on the home market.
JFC Chairman Tony Tan Caktiong and President/CEO Ernesto Tanmantiong emphasized the move’s strategic fit: “This will allow our international business to access deeper capital markets tailored to its growth profile, while the Philippine operations continue their strong trajectory.”
Key Details of the Plan
- Timeline: Listing targeted for late 2027.
- Structure: Spin-off or separate listing of international arm (details pending SEC/PSE approvals).
- Rationale: International segment (now ~40% of revenues) grows faster than domestic; US investors favor pure-play global food brands.
- Current Global Footprint: Over 1,200 stores outside PH (US, China, UK, Vietnam, etc.), with brands like Smashburger, Coffee Bean & Tea Leaf, and Tim Ho Wan.
The potential Wall Street debut—possibly via ADR or direct NYSE/Nasdaq listing—would make Jollibee the first major Philippine food company on a US exchange, following precedents like SM Investments’ REIT spin-offs.
A landmark step for the “Bee” to buzz louder globally!
Plan Snapshot:
| Aspect | Details |
|---|---|
| Entity | Jollibee Foods Corp. International |
| Listing Target | Late 2027 (US exchange) |
| Scope | All overseas operations/brands |
| Goal | Dedicated capital for faster global growth |