6/1/2023 0 Comments Red ribbon cakes priceThis brought the company's total number of stores to 2,001 as of the end of December 2011. In 2011, JFC opened 260 new stores, of which 167 were in the Philippines led by Mang Inasal (86) and Jollibee (40). On July 13, 1993, JFC was listed at the Philippine Stock Exchange. It was able to withstand the entry of McDonald's in the Philippines in 1981 by focusing on the specific tastes of the Filipino market, which differed from the American fast food company. It opened its first store overseas in Taiwan which later closed. The Jollibee Foods Corporation was incorporated in January 1978. In 1978, the family decided to cancel the Magnolia franchise and converted the ice cream parlors they operated into fast food outlets. The Magnolia outlets operated by the Tan Caktiong clan began offering hotmeals and sandwiches upon request from the customers which the family found out to be more popular than the franchise's ice cream. In 1975, Tony Tan Caktiong and his family opened a Magnolia Ice Cream parlor in Cubao, Quezon City which is credited as the first Jollibee outlet. An outlet of Jollibee, the company's primary fast food brand, in Santa Maria, Bulacan
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