Jollibee Foods Brings Japan’s Favorite Beef Bowl Closer to Filipinos

Yoshinoya’s famous Gyudon beef bowl will soon be the next big thing in the Philippines as Jolibee Foods and Yoshinoya Holdings team up for a joint venture with a 50-branch expansion in the Philippines as part of their long term plans.   Yoshinoya, Japan’s biggest fast-food chain, plans to set up a $2.7 million joint venture in the Philippines with local giant Jollibee Foods. This joint venture gives another hope for Jolibee Foods after suffering from an estimated net loss of over 1.5 billion pesos last year due to the pandemic. As a result, the company shuts down 486 stores worldwide in the midst of COVID-19 pandemic.   The joint venture that will become a franchisee of Yoshinoya has an...