Dennis Gasgonia

Article (news)

Andrea Taguines

ABS-CBN News

MANILA — Jollibee Food Corp. (JFC) announced on Wednesday that it plans to execute the listing of its international business in the US by late 2027.Earlier this month, the Jollibee group said it will be separating its international business from its local operations, with the goal of listing the global business on a US securities exchange.In an online media roundtable, though, JFC Chief Financial Officer Richard Shin noted that it will take time to carry this out properly given the “scale and complexity of preparing two companies for independent operation and potential listing.”He said the longer timeline “allows orderly execution and risk management across all work streams&quot; saying the company does not want to rush it.&quot;And, of course, there’s an element of risk management. We cannot just throw things to the wind here. We got to be very meticulous and precise,” said Shin.<div><a href="https://www.abs-cbn.com/news/business/2026/1/6/jollibee-eyes-listing-international-business-on-us-stock-exchange-1358">Jollibee eyes listing international business on US stock exchange</a></div>According to Shin, the listing decision remains subject to further valuation and required approvals.He said key preparation areas include regulatory processes, audit and reporting readiness, governance establishment, financing considerations, and operational separation across multiple jurisdictions.Shin also justified the contemplated move, particularly in listing in the United States, saying it provides JFC with the largest capital market, liquidity access, and support valuation discovery.“The US capital markets have a deep investor base experience and value in global consumer and restaurant growth companies. Five of the Top 5 companies, measured by market cap, in our sector of F&amp;B are all US-based,” he said.<div> </div><div>IMPACT ON STAKEHOLDERS</div>Once the transaction is completed, current JFC shareholders will receive shares in JFC International (JFCI) corresponding to their prevailing interest in JFC or “on a proportional basis”, subject to applicable taxes and legal and regulatory requirements.<div><a href="https://www.abs-cbn.com/news/business/2025/10/16/jollibee-named-best-in-customer-service-among-singapore-fast-foods-1032">Jollibee named best in customer service among Singapore fast food chains</a></div>“Shareholders are expected to hold interest in two separately listed entities. The final mechanics of the distribution and trading arrangements will depend on the approved transaction structure. That’s very much part of our work stream that we’re working through with our internal teams as well as our external advisors on this spin-off,” said Shin.“We’re going to make sure that our stakeholders are looked after and we got to make sure that they’re protected from an economic interest perspective. Shareholders have the option to continue to participate in future value creation across both the domestic and international operations. So they have choice, they have flexibility,” he added.In line with operational independence, Shin said JFC and JFCI will each have their own board, management team, and operating model with clear accountability and decision-making authority.But for the meantime, he said, employees and management should expect no changes at this stage.“Any future decisions will be communicated in a timely and appropriate manner once determined. Final governance arrangements will be confirmed during structuring and disclosed in listing documents,” he said.<div><a href="https://www.abs-cbn.com/news/business/2026/1/2/from-local-flavors-to-global-momentum-1225">From local flavors to global momentum</a></div>He also assured the public that the separation does not affect customers, store operations, or franchisees.“Franchisees will continue to operate under existing agreements and stores will continue to run as usual, so there’s no reason for changes at this level. No impact in customers who will continue to enjoy the same products, service, and brand experience across all JFC brands,” he said.“Any future corporate or legal adjustments in certain markets will be managed carefully to ensure continuity in franchise relationships and day-to-day operations,” added Shin.He also said the current financing structures for international subsidiaries remain in place in the near term.“Financing arrangements are under review as part of the separation planning to ensure suitability for future business configuration. Any changes will be managed  carefully and in consultation with relevant stakeholders,” he said.

Jollibee Food Corp. (JFC) announced on Wednesday that it plans to execute the listing of its international business in the US by late 2027.

Jollibee Food Corp. (JFC) announced on Wednesday that it plans to execute the listing of its international business in the US by late 2027.

Planned US listing of Jollibee’s groups int’l business set for late 2027

News

Entertainment

Lifestyle

Sports

Metro.Style

More

Sudoku

Word of the Day

Lotto

Horoscope

Business

Planned US listing of Jollibee’s groups int’l business set for late 2027

Andrea Taguines,

ABS-CBN News

Published January 14, 2026 07:27 PM PHT

Read More:

Jollibee

Jollibee Foods Corporation

Jollibee Foods Corporation International

US listing

late 2027

ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.

Corporate

Investors

Governance

International Distribution

Corporate

Governance

Investors

International Distribution

NPC Seal of Registration

Privacy Policy

AI Policy

Terms of Service

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.