Nature of The Businessjolibee Food Corporations

COMPANY
NATURE OF THE BUSINESSJOLIBEE FOOD CORPORATIONS

The original owner Tony Tan and his family opened a Magnolia Ice Cream parlor
inCubao, Quezon city in 1975.In 1978, he and his siblings engaged the services of
amanagement consultant, Manuel C. Lumba, who shifted the business focus from
icecream to hot dogs after his studies showed a much larger market waiting to
beserved.Lumba was Tan's last business and management mentor.Throughout its
three decade history, Jollibee became a success enjoying rapid growth.The chain
opened successful milestone stores in the following years: Its 100th branch inDavao
on 1991; its 200th store in Malolos, Bulacan in 1996; its 300th store in
Balagtas,Bulacanin 1998; its 400th store in Intramuros, Manila in 2001; its 500th
store in Basilanin 2004; its 600th store in Aparri in 2007; its 700th store in
Harrison Road, Baguio Cityin 2010; and its 800th branch in Malaybalay City,
Bukidnon on October 18, 2013.
Expansion and acquisitions
The company acquired 80% of Greenwich Pizza in 1994. From a 50-branch
operation,Greenwich gradually established a strong presence in the food service
industry. In early2006, Jollibee Foods Corp. bought out the remaining shares of its
partners in GreenwichPizza Corp., equivalent to a 20% stake, for P384 million in
cash. In 1996, Jollibeebecame the sole franchisee of Dlifrance for Philippines,
staying in operation in thecountry until late 2010. In 2000, the company acquired
Chowking, a Chinese fast foodrestaurant, thus making Jollibee a part of the
Asian quick service restaurant segment.In 2004, Jollibee acquired Chinese fast food
chain Yonghe Dawang for $22.5 million.Jollibee entered into a joint-venture contract
with US-based Chow Fun Holdings LLC,the developer and owner of Jinja Bar Bistro
in New Mexico, in which Jollibee will have a12% stake for $950,000. In 2005,
Jollibee acquired Red Ribbon, a bakeshop business inthe Philippines. In less than
5 years, Jollibee managed to nurture the business andtransform it into a popular
and rapidly growing bakeshop chain. In 2006, Jollibeepurchased 70% of Taipei
restaurant Lao Dong in June and Chun Shui Tang tea house.In 2007, Jollibee
acquired the Chinese fast-food chain Hongzhuangyuan.On August 26, 2008, Jollibee
formally signed a P2.5 billion ($55.5 million) deal withBeijing-based Hong Zhuang
Yuan through its wholly owned subsidiary JollibeeWorldwide Pte. Ltd. The sale is
subject to the approval of China's Ministry of Commerce.On October 19, 2010,
Jollibee acquired 70% share of Mang Inasal, a Filipino food chainspecializing in
barbecued chicken, for P3 billion ($68.8 million). The same month,Jollibee signed a
deal to acquire 55 percent ofChina's Guangxi San Ping Wang Food andBeverage
Management Co. Ltd., operators of the San Pin Wang beef noodle business
for 30 million RMB. On October 2011, Jollibee acquired a 54% stake in BK Titans,
Inc.,the sole franchisee of Burger King in the Philippines.In 2011, Jollibee opened
260 new stores, of which 167 were in the Philippines led byMang Inasal (86) and
Jollibee (40). This brought the company's total number of storesto 2,001 as of end
December 2011. The same year, Jollibee closed Manong Pepefoodchain in favor of
Mang Inasal, and sold Dlifrance to CafFrance. Overseas, Jollibeeopened 93
stores, led by Yonghe King in China (70) and Jollibee Vietnam (11). In 2013,Jollibee
opened its first store in Virginia Beach, Virginia as well as in Houston, Texas.The
restaurant plans to expand to Toronto in Canada, Malaysia and Indonesia. Theyalso
plan to expand throughout the Southern United States such as Atlanta,
Charlotte,Dallas and Chicago. Currently, aside from its flagship brand Jollibee, the
group's otherbrands are Chowking, Greenwich, Red Ribbon, Mang Inasal, Burger
King, Yonghe King(China) and Hong Zhuang Yuan (China).
BOARD MEMBERS
Board Relationships
Title
Type of Board Member
Ag
e
Tan Caktiong
39 Relationships
Chairman of the Board, Chief

Executive Officer, President, Member
of Executive Committee and Member
of Compensation Committee
Chief Executive Officer
61
Poe Eng Chua
9 Relationships
Co-Founder, Director and Member of

Audit Committee
Top Key Executive
66
Cho Sit Ang
9 Relationships
Co-Founder, Director and Member of

Nomination Committee
Top Key Executive
64
Ernesto Tanmantiong
9 Relationships
Chief Operating Officer, Executive

Vice President, Treasurer, Director,
Member of Executive Committee,
Member of Nomination Committee
and Member of Compensation
Committee
Chief Operating Officer
56
Tan Untiong
14 Relationships
Chief of Real Estate, Corporate

Secretary, Director, Member of
Executive Committee, Member of
Audit Committee and Member of
Finance Committee
Senior Key Executive
61
Joseph Tanbuntiong
14 Relationships
President of Jollibee Business Unit,

Director, Member of Executive
Committee and Member of
Compensation Committee
Unit President
51
Other Board Members On Board*

Name
(Connections)
Board Relationships
Type of Board Member
Primary Company
Ag
e
Ngo Chiong Ang
9 Relationships
Chairman Emeritus
Jollibee Foods Corp.
91
Monico Jacob
87 Relationships
Member of the Board of

Directors
STI Education Systems Holdings, Inc.
69
Cezar Consing
55 Relationships

Directors
Bank of the Philippine Islands
54
Artemio
Panganiban
131 Relationships

Directors
DoubleDragon Properties Corp.
76
SOLE TRADER
RUSTY LOPEZ
n 1977, Lolito Lopez opened a shoe store by the name of Centropell, in the Cubao Shoe Expo. Almost three decades later, the
tandem of Lolito and wife Lily has blossomed and now sit at the helm of a shoe business empire that is renowned for its commitment
to the developm- ent, manufacturing and marketing of quality, authentic and affordable footwear under the following brands:
CENTROPELLE, RUSS and RUSTY LOPEZ.
Building on the success of Centropell, the Lopezes positioned Rusty Lopez as the brand name that rivaled the best of what the local
shoe industry has to offer. The popularity of the Rusty Lopez brand eventually exceeded the expectations of the holding companies
and as a result, holds one of the biggest market shares within the entire local shoe industry. Maritalia Manufacturing Incorporated,
which was established on December 17, 1996 and became the official manufacturing arm of the company. It is through the joint
efforts of Filipino and Italian shoemakers that Maritelia was born. To give pride and honor to this collaboration, the name "Maritalia"
was created by combining Marikina and Italy, "MARI" (Marikina) and "ITALIA" (Italy) thus, forming the word "Maritalia". Today,
MARITALIA sits on a one-hectare property on E. Rodriguez Avenue in Sto. Nio, Marikina City. It houses state-of-the-art imported
equipment from Italy specifically designed for mass shoe production. Operating at full capacity with 300 workers, Maritalia can
produce as many as 24,000 pairs of shoes in a month.
Social Science
Submitted by:
Eunice Pablo
Maria Yvette Jade Sison
Ruby Ann Buatis
Submitted to: Mrs. Rosario
Kinds of Businesses

Nature of The Businessjolibee Food Corporations

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COMPANY

NATURE OF THE BUSINESSJOLIBEE FOOD CORPORATIONS

Type of Board Member

Chairman of the Board, Chief

Chief Executive Officer

Poe Eng Chua

Co-Founder, Director and Member of

Top Key Executive

Cho Sit Ang

Co-Founder, Director and Member of

Top Key Executive

Chief Operating Officer, Executive

Chief Operating Officer

Chief of Real Estate, Corporate

Senior Key Executive

President of Jollibee Business Unit,

Other Board Members On Board*

Type of Board Member

Ngo Chiong Ang

Jollibee Foods Corp.

Member of the Board of

STI Education Systems Holdings, Inc.

Member of the Board of

Bank of the Philippine Islands

Member of the Board of

DoubleDragon Properties Corp.

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