Jollibee, Panda Express formalize joint venture 0 SHARES Share it! Share TweetBy James A. LoyolaJollibee Foods Corporation (JFC) and Panda Restaurant Group, Inc., America’s largest family-owned and operated Chinese American restaurant concept, have recently incorporated their joint ventures (JV) company JBPX Foods, Inc. In a disclosure to the Philippine Stock Exchange, Jollibee said the 50-50 joint venture will bring Panda Express restaurants to the Philippines with an initial capital of P250 million. “With proven track records in providing great tasting food at a great value, JFC and Panda join hands to introduce American Chinese food, a globally-influenced cuisine inspired by authentic Chinese culinary principles, to the Philippines,” Jollibee said. Long-term, Panda Express has a high potential for broad acceptance across the country.”Profit sharing shall be in accordance to the 50-50 ownership.

Source: Manila Bulletin July 08, 2019 14:03 UTC