Tony Tan Caktiong

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Tony Tan Caktiong is the founder and current Chairman and CEO of Philippine fast food chain Jollibee. He graduated from the University of Santo Tomas with a degree in chemical engineering. Caktiong had initially planned an ice cream parlor when he founded Jollibee, then subsequently added additional dishes such as hamburgers, french fries, and fried chicken.

Contents

[edit] Awards

[edit] 2007 Expansion

On September 21, 2007, Jollibee CEO Tony Tan Caktiong announced that it bought the Chinese restaurant chain Hongzhuangyuan (which has 33 branches in Beijing) for US $50.5 million. Jollibee has also acquired Shanghai-based Yonghe King chain on 2004 for $ 22.5 million and now operates 1,385 hamburger, pizza, baked goods and Chinese food restaurants in the Philippines with over 200 branches in other countries.[2] Meanwhile, the Philippine Stock Exchange stated that trading in Jollibee shares were suspended pending disclosure of the complete terms and conditions of the transaction.[3]

[edit] Trivia

[edit] References

  1. ^ Food industry giant founder is Philippines' first Entrepreneur Of The Year
  2. ^ Philippine fast-food giant acquires China chain
  3. ^ Inquirer.net, Jollibee to buy China food chain for $50.5M; trade halted
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