In a strategic move set to reshape its corporate landscape, Philippine fast-food giant Jollibee Foods Corp. has announced plans to separate its vast international operations into an independent, publicly traded company. The new entity is slated for a listing on a U.S. securities exchange.
Details of the Corporate Split
The company revealed the decision in a formal filing with the Philippine Stock Exchange (PSE) on Tuesday. According to the disclosure, the spin-off aims to create two distinct, independently listed businesses, each with its own strategic focus and investment profile. The core Philippine operations will continue to be listed on the local bourse in Manila.
Market reaction was swift and overwhelmingly positive. Following the announcement, Jollibee’s shares soared by 14.5%, marking their most significant single-day gain in over five years. This surge underscores investor confidence in the potential value unlocked by the separation.
Timeline and Transaction Mechanics
Jollibee has targeted the execution of this major corporate transaction for late 2027. The company emphasized that the plan remains subject to several conditions, including prevailing market conditions, the completion of due diligence, and securing all necessary regulatory approvals.
The proposed structure is designed to be equitable for current investors. Existing Jollibee shareholders will receive shares in the new international entity proportional to their current holdings, subject to applicable taxes and legal requirements. The company noted that the information released is preliminary and could be subject to change as plans develop.
A Global Fast-Food Portfolio
This strategic shift highlights the impressive global scale Jollibee has achieved. The corporation operates a sprawling network of more than 10,000 stores across 33 countries. Its portfolio extends well beyond the beloved Jollibee brand itself, encompassing popular chains such as Chowking, Smashburger, and the Michelin-starred dim sum specialist Tim Ho Wan.
By cleaving its domestic and international businesses, Jollibee management believes each unit can pursue more focused growth strategies. The Philippine arm can concentrate on its dominant home market, while the new U.S.-listed entity can aggressively chase global expansion and capital tailored for international investors.
