Business
Jollibee's Tim Ho Wan to Fully Acquire North American Unit
Jollibee Foods Corp.'s dim sum chain Tim Ho Wan is set to fully acquire its North American business by buying out WDI Corp.'s 30% stake for approximately $5.05 million. This move aims to accelerate expansion and independent development in a key overseas market.
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- Jollibee Foods Corp. Takes Full Control of Tim Ho Wan's North America Business
Jollibee Foods Corp. (JFC) will acquire its joint venture partner's stake in Tim Ho Wan's North America operations, gaining full ownership. This move is aimed at accelerating the brand's growth in the region, a key international market for JFC.