HOMEGROWN fast-food giant Jollibee Foods Corp. (JFC) on Friday said that subsidiaries Milkshop Japan Inc. and MKSA LLC (MKSA) had entered into a license agreement that would allow the latter to open and operate Milksha branded stores in California, New York and Texas in the United States.
HOMEGROWN fast-food giant Jollibee Foods Corp. on Friday said that subsidiaries Milkshop Japan Inc. and MKSA LLC had entered into a license agreement that would allow the latter to open and operate Milksha branded stores in California, New York and Texas in the United States.US franchising opportunities outside the three states, meanwhile, will be available through Milkshop Japan.
Milksha generated $96-million systemwide sales in 2023, JFC said, adding that less than a year after its acquisition, Milksha had already delivered cash dividends.JFC operates around 6,965 stores worldwide as of July 2024, with 3,341 of those outlets located in the Philippines while the rest are located worldwide.In a separate disclosure, JFC said its board has approved the declaration of a regular cash dividend of P10.60125 per share for its Series B preferred shares, for a total payout of P95.
To Operate Milksha Stores In US
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