Jollibee Foods Corporation (Jollibee Group) intends to separate its overseas operations into a new company and seek a listing on a US stock exchange by the end of 2027, according to Bloomberg.
The planned separation forms part of the Philippine fast-food group’s international expansion plans. The company is said to have appointed international and domestic advisers to support the proposed transaction and the possible US listing.
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The new entity, to be called Jollibee Foods Corporation International, is expected to comprise all operations outside the Philippines. The business would remain listed on the Philippine Stock Exchange.
According to a company filing, having two separately listed businesses is intended to improve strategic focus and provide clearer positioning for investors.
Existing shareholders are expected to receive shares in the international company corresponding to their holdings at the time of listing.
Jollibee Group owns multiple restaurant brands, including the Jollibee chain, which is known for sweet-style spaghetti and fried chicken.
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By GlobalDataBased on Bloomberg-compiled data, the group has completed 27 cross-border deals since 2000, with an aggregate value of approximately $1.1bn.
These include US brands such as Smashburger and Coffee Bean & Tea Leaf, as well as the recent acquisition of South Korea’s Compose Coffee.
As of September 2025, the group reported 10,304 stores in total, with 6,859 located outside the Philippines across more than 30 countries, including China, Canada and Vietnam.
From January to September, international operations accounted for roughly 43% of revenue, out of total revenue of 224.2bn pesos ($3.8bn).
In March 2025, Jollibee launched its first franchising programme in the US to expedite the brand’s growth strategy. The brand has established a subsidiary, Jollibee Brands Management, to oversee franchise operations in the US.
