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JFC says to discontinue Dunkin' business in Beijing

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<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="The Dunkin Donuts logo on the original Dunkin Donuts shop in Quincy, Massachusetts, USA, 10 August 2017. Dunkin Donuts, started in Quincy in 1950, is testing out a streamlining of the storefront name to simply " since="" starting="" the="" campaign="" of="" Runs="" on="" over="" a="" decade="" ago.="" EPA="" CJ="" GUNTHER="" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2022/logos/20221109-dunkin-donuts-logo-epa.jpg"/><figcaption>The Dunkin Donuts logo on the original Dunkin Donuts shop in Quincy, Massachusetts, USA, 10 August 2017. Dunkin Donuts, started in Quincy in 1950, is testing out a streamlining of the storefront name to simply &#x27;Dunkin&#x27; since starting the campaign of &#x27;America Runs on Dunkin&#x27; over a decade ago. <em>EPA/CJ GUNTHER/FILE</em></figcaption></figure></div><p>MANILA - Jollibee Foods Corp on Wednesday said its subsidiary will discontinue the Dunkin&#x27; business in Beijing, China due to the termination of the master franchise deal. </p><p>Jollibee Worldwide Pte Ltd, Jasmine Asset Holdings Ltd and Dunkin&#x27; Donuts Franchising LCC announced the termination of the Master Franchise Agreement for Dunkin&#x27; which covers select territories in China. Hong Kong and Macau, JFC told the stock exchange.</p><p>The said franchise deal was signed in Jan. 5, 2015. JFC said. Dunkin&#x27; plans to continue expanding its footprint in China through franchising, the company said. </p><p>Operations of Beijing Golden Cup, which operates 7 Dunkin in Beijing, have also been terminated, it added.</p><p>JFC said it would focus on building its business in China through the expansion of other brands.</p><p>So far it has 418 Yonghe King stores, 55 Hong Zhuang Yuan and 13 Tim Ho Wan stores in China. It also has 21 Jollibee stores in Hong Kong and 3 in Macau.</p><p>&quot;It looks forward to building a significant business in the Chinese mainland, Hong Kong and Macau,&quot; the homegrown restaurant operator said. </p><p>JFC has a network of 6,351 stores globally as of Sept. 30, 2022. </p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/02/04/20/jollibee-very-committed-to-china-expansion-14-hubei-stores-closed">Jollibee &#x27;very committed&#x27; to China expansion; 14 Hubei stores closed</a></li>	<li><a href="https://news.abs-cbn.com/business/11/26/21/jollibee-eyes-revenue-growth-on-back-of-china-expansion">Jollibee eyes revenue growth on back of &#x27;aggressive&#x27; China expansion</a></li>	<li><a href="https://news.abs-cbn.com/business/08/01/22/jfc-opens-first-tim-ho-wan-branch-in-hangzhou">JFC opens first Tim Ho Wan branch in Hangzhou; eyes opening 100 stores in China</a></li></ul><div><strong>RELATED VIDEO:</strong></div><figure class="op-interactive"><iframe height="315" src="https://www.youtube.com/embed/Ct8Tp3Ve_HM?enablejsapi=1" width="560"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

Jollibee Foods Corp on Wednesday said its subsidiary will discontinue the Dunkin' business in Beijing, China due to the termination of the master franchise deal. 