Japan’s Yoshinoya to set up a US$2.7 million joint venture in the Philippines with local giant Jollibee Foods

PHILIPINES – Japanese multinational fast food restaurant Yoshinoya has announced plans to set up a US$2.7 million joint venture in the Philippines with local giant Jollibee Foods Corporation (JFC). According to a report by Nikkei Asia, the joint venture will see the two companies team up to open 50 branches of the famed Japanese beef bowl restaurant in the Philippines. The joint venture which will become the franchisee of Yoshinoya comes after the company’s 20-year partnership with Century Pacific group ended recently. “Jollibee will certainly have a significant positive impact…

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