6 days Jollibee plans to invest ₱7 billion for changes in global business structure MB |Biz
By James A. Loyola Jollibee Foods Corporation (JFC), one of Asia’s largest food service companies, is spending ₱7 billion to implement significant changes to its global business structure even as it expects a decline in earnings this year. In a disclosure to the Philippine Stock Exchange, the firm said the changes will involve the rationalization of its non-performing stores, store network, supply chain facilities and management and support group structure. It will also include building drivers of revenue growth for the future including food delivery-to-home and offices and take out and drive-thru, even as it continues to open new ... more