The Jollibee Group welcomed Yoshinoya International executives in a Partnership Ceremony on June 25 to celebrate their collaboration that will bring the authentic Yoshinoya Japan beef bowl experience to the Philippines.
Yoshinoya, Japan’s world-famous Beef Bowl Chain, is the first foray into Japanese food by the Jollibee Group. Jollibee Foods Corporation formed a joint venture with Yoshinoya International Philippines Inc. (“Yoshinoya International”) to operate the Yoshinoya stores in the country, with plans to expand to 50 stores in the long term.
The Yoshinoya International executives who attended the private ceremony were Tetsuya Naruse, CEO of Asia Yoshinoya International Sdn Bhd (“Asia Yoshinoya”); Shigekazu Miyata, President of Yoshinoya International; and Shigeo Kurokawa, Director of Yoshinoya International.
During the partnership ceremony, Asia Yoshinoya CEO Tetsuya Naruse hailed its partnership with the Jollibee Group. "In the history of Yoshinoya, I can say that we have never encountered a company such as yours. I’ve met the best partners we could work with and I’m really looking forward to this partnership."
"We would like to thank Yoshinoya International for partnering with Jollibee Group. Together, under Yoshinoya Jollibee Foods Inc., we will grow and expand Yoshinoya in the Philippines. We will work hard to make it the No. 1 Japanese restaurant in the country," - Joseph Tanbuntiong, President of Philippine Business of the Jollibee Group.
In a disclosure released in February 2021, the Jollibee Group said it aims to be the leading market developer of foreign restaurant brands in the country, as these foreign franchised brands are expected to contribute to the sustainable growth of its domestic business. Jollibee Group continues to see the success of brands like Burger King, Panda Express, and PHO24 and will apply the same success drivers in expanding Yoshinoya.
Partnership for success
Like the humble beginnings of the Jollibee Group, Yoshinoya started as a family-run shop located at Nihonbashi Fish Market in Tokyo. Today, Yoshinoya has more than 2,000 global locations.
"Our dreams to make it big one day in our respective markets have driven Yoshinoya and the Jollibee Group to continuously work hard and always strive for excellence," said Tanbuntiong. "With similar values and a true love for great tasting food, we see a strong foundation for success in this partnership."
"I met Jollibee Group Founder and Chairman Tony Tan Caktiong, and after our conversation, I concluded that there is no other company that we would like to do this partnership with. And although some years have passed since then, we have reached this moment today and it’s all thanks to all your efforts," added Naruse.
"Part of who we are in Yoshinoya Holdings is being For the People, which means reaching as many people as possible with our tasty and value-for-money food—this is also what the Jollibee Group is all about. I look forward to working well together and I commit that we in Yoshinoya will give our full support to the Jollibee Group," he added.
Now ready to serve the same superior tasting and authentic Japanese Beef Bowls, Yoshinoya is set for its grand opening slated this July.
About Jollibee Group
Jollibee Foods Corporation (JFC, also known as Jollibee Group) is one of the fastest-growing restaurant companies in the world. It operates in 34 countries, with over 6,200 stores globally with branches in the Philippines, United States, Canada, the People's Republic of China, United Kingdom, Italy, Spain, Vietnam, Brunei, Singapore, Saudi Arabia, United Arab Emirates, Qatar, Oman, Kuwait, Bahrain, Indonesia, Costa Rica, Egypt, Panama, Malaysia, South Korea, and India.
Jollibee Group has eight wholly-owned brands (Jollibee, Chowking, Greenwich, Red Ribbon, Mang Inasal, Yonghe King, Hong Zhuang Yuan, Smashburger); six franchised brands (Burger King, Panda Express, PHO24, and Yoshinoya in the Philippines; Dunkin' and Tim Ho Wan in certain territories in China); 80% ownership of The Coffee Bean and Tea Leaf; 60% ownership in the SuperFoods Group that owns Highlands Coffee and PHO24; and 51% ownership of Milksha, a popular Taiwanese bubble tea brand.
Jollibee Group, through its subsidiary Jollibee Worldwide Pte. Ltd. (JWPL) owns a 90% participating interest in Titan Dining LP, a private equity fund that ultimately owns the Tim Ho Wan brand. It also has a joint venture with the THW Group to open and operate THW restaurants in Mainland China. Jollibee Group also has a business venture with award-winning Chef Rick Bayless for Tortazo, Mexican fast-casual restaurant business in the United States.
Jollibee Group was named the Philippines' most admired company by the Asian Wall Street Journal for ten years. It was also honored as one of Asia's Fab 50 Companies and among the World's Best Employers and World’s Top Female-Friendly Companies by Forbes. In 2020, Gallup awarded the Jollibee Group with the Exceptional Workplace Award, making it the first Philippine-based company to receive the distinction.
Jollibee Group has grown brands that bring delightful dining experiences to its customers worldwide, thus spreading the joy of eating to everyone.
To learn more about Jollibee Group, visit www.jollibeegroup.com
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