HOMEGROWN fast-food giant Jollibee Foods Corp. is optimistic about its growth prospects as it pursues partnerships and expansion into new markets.'In five years, we aim to triple Jollibee Group's value in terms of net income attributable to equity holders of the parent company,' JFC President and CEO Ernesto Tanmantiong told stockholders on Friday.
In April, JFC committed $90 million for the Titan Fund II, where it has a 90-percent participating interest, for a focus on strategic investments in food and beverages concepts.'The Jollibee Group will capitalize on these important opportunities to grow our business with strategic partners and investments and continue to create both near and long-term value for our stakeholders,' Tanmantiong said.In 2023, JFC established a joint venture with Singapore-based Food Collective Pte. Ltd.