CHOWKING ORIENTAL

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                    [ArticleID] => 293282
                    [Title] => Jollibee acquires Red Ribbon
                    [Summary] => In line with its goal to be a major global food service company, fastfood giant Jollibee Foods Corp. is acquiring 100 percent of the cake and pastry restaurant chain, Red Ribbon Bakeshop, which has branches in the United States.


In a disclosure to the Philippine Stock Exchange, Jollibee said it has reached an agreement with the owners of Red Ribbon to acquire the latter’s 147 outlets – 131 in the Philippines and 16 in California, USA. The purchase price was not immediately known.


                    [DatePublished] => 2005-08-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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Jollibee acquires Red Ribbon

By Zinnia B. Dela Peña | August 25, 2005 - 12:00am

In line with its goal to be a major global food service company, fastfood giant Jollibee Foods Corp. is acquiring 100 percent of the cake and pastry restaurant chain, Red Ribbon Bakeshop, which has branches in the...

Business