A Jollibee restaurant branch in Saudi Arabia. Photo: Shutterstock A Jollibee restaurant branch in Saudi Arabia. Photo: Shutterstock
A Jollibee restaurant branch in Saudi Arabia. Photo: Shutterstock
The Philippines

Philippine fast food giant Jollibee loses US$2 billion on America gamble

  • The fast food empire’s latest acquisitions in the US continue to burn cash and the virus outbreak is now threatening to hit its sales
  • Jollibee controls about 56 per cent of the US$5 billion Philippine fast-food market

Topic |   The Philippines
A Jollibee restaurant branch in Saudi Arabia. Photo: Shutterstock A Jollibee restaurant branch in Saudi Arabia. Photo: Shutterstock
A Jollibee restaurant branch in Saudi Arabia. Photo: Shutterstock
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