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Jollibee plans to open stores in UK, Malaysia, Indonesia
Jollibee plans to open stores in UK, Jollibee plans to open stores in UK Lbc Rates Philippines To Uk , Indonesia
A Jollibee branch in Mandaluyong City is shown in this photo.
MANILA -- Jollibee said plans to build 500 new stores, including in new markets like the United Kingdom, Malaysia and Indonesia as part of a P12-billion spending plan, its CEO said Friday.
Up to P7 billion of the total capital expenditures programmed for 2018 will be used to build new stores and renovate existing ones. The rest will be spent on commissaries, Jollibee said.
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The peso's weakness against the dollar will boost profits of Jollibee's overseas business, said Jollibee CEO Ernesto Tanmationg. Lbc Rates Philippines To Uk , said Jollibee CEO Ernesto Tanmationg.
"The business had shown resilience in the past and we expect it to continue to do so. We expect revenues and profit to continue to at least sustain its historical growth rates in 2018 and in the years ahead," he said.
Jollibee has 4,239 stores as of May, 239 stores as of May Lbc Rates Philippines To Uk
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