Jollibee, Panda Restaurant Group creates jv

July 10, 2019

Jollibee Food Corp and the US’ Panda Restaurant Group Inc have formed JBPX Foods Inc, a 50/50 joint venture company, to establish Panda Express restaurants in the Philippines. Panda Express is the largest fast casual Chinese American restaurant with over 2000 branches in 10 countries including Japan and South Korea. In its initial stage, JBPX Foods will focus on developing five stores in Metro Manila.