Posted by Mark J. Miller on September 2, 2011 10:57 AM
Philippine President Benigno Aquino likes to travel with quite the entourage. He took 270 pals with him when he went to Beijing this week to drum up business opportunities in China. One of the folks traveling with him, Jollibee Foods Corp. Chairman Tony Tan Caktiong, has apparently found some good news in the more than 4,000-year-old civilization.
The Filipino-owned hamburger chain has more locations and more sales than McDonald’s in the Philippines. And now it's aggressively expanding its brand in China. AllHeadlineNews reports that Jollibee, which currently has 278 restaurants in China, plans to open 100 more there in 2012.Continue reading...