Grabe na jud ang JOLLIBEE...
JOLLIBEE Foods Corp. said it has completed its acquisition of all of the issued and outstanding shares of Red Ribbon Holdings Inc., owner of the 146 Red Ribbon Bakeshop stores in the Philippines and the US.
Jollibee bought Red Ribbon for 1.8 billion pesos, and expects the acquisition to boost the group's annual sales by 2.5 billion pesos.
In a statement, Jollibee chief finance officer Ysmael Baysa said Red Ribbon's financial results would be included in the consolidated financial statement of Jollibee starting November this year.
He said Jollibee would use its cash reserves to pay for the acquisition.
Jollibee will make an initial payment of 1.3 billion pesos, while the balance will be in three equal installments over the next three years.
At the end of June, the Jollibee group's worldwide network comprised 1,200 restaurants, which include Chowking, Greenwich and Delifrance outlets, as well as 88 Yonghe King stores in China.
Results 1 to 10 of 38
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10-27-2005, 03:41 PM #1Elite Member
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Jollibee completes purchase of Red Ribbon
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10-27-2005, 11:09 PM #2Senior Member
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- Dec 2003
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Re: Jollibee completes purchase of Red Ribbon
Mao ni krisis? hehehe hustu na marcha2x oi
ma apektuhan ang mga negosyante sa atong nasud...
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10-28-2005, 12:30 AM #3Elite Member
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- Feb 2004
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Re: Jollibee completes purchase of Red Ribbon
Maayo unta mag abli sila ug franchise diri sa Northeast. Â*We need a Jollibee & Red Ribbon @ NY, NJ, MA, CT, DE, MD & DC/VA areas.Â*
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10-28-2005, 12:54 AM #4Elite Member
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- Aug 2005
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Re: Jollibee completes purchase of Red Ribbon
bitaw... louy kaau mo diha... kami diri... hasta chowking, nag abri nah!
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10-28-2005, 04:55 AM #5Elite Member
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- Feb 2004
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Re: Jollibee completes purchase of Red Ribbon
not fair, not fair...not fair at all.
Originally Posted by pandisal
bitaw... louy kaau mo diha... kami diri... hasta chowking, nag abri nah!
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10-28-2005, 05:04 AM #6C.I.A.
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Re: Jollibee completes purchase of Red Ribbon
hmm dapat NY
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10-28-2005, 06:30 AM #7Elite Member
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- Aug 2005
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Re: Jollibee completes purchase of Red Ribbon
... don't worry... dili kaayo lami ilang shopao kaysa goldilocks! :P :mrgreen: Originally Posted by Spec-V
not fair, not fair...not fair at all. Originally Posted by pandisal
bitaw... louy kaau mo diha... kami diri... hasta chowking, nag abri nah!
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10-28-2005, 06:43 AM #8Elite Member
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- Feb 2004
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Re: Jollibee completes purchase of Red Ribbon
Pre....ang serving nila parihas ba sa Arbee's, Buger King, etc..kadak-a?!? kanang mora na kag hapit ma Lock Jaw tungod ang serving nila; dagko? Ka imagine lang ko sa ilang Empanada sa Red Ribbon...hayyyyyyyy
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10-28-2005, 06:50 AM #9Elite Member
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- Aug 2005
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Re: Jollibee completes purchase of Red Ribbon
i'll take some pics this weekend... adto ko ... syempre dagko gyud... dollar man imo bayad... x 55P :P
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10-28-2005, 07:05 AM #10Elite Member
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- Feb 2004
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Re: Jollibee completes purchase of Red Ribbon
Sige na lang ta ni ug I-HOP
[img width=600 height=459]http://img458.imageshack.us/img458/4825/ihopbreakfastsampler7yg.jpg[/img]
[img width=500 height=385]http://img458.imageshack.us/img458/2522/11047669273rd.jpg[/img]
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