Jollibee Foods Corporation Expands Investments with Titan Dining Partners Ltd.

Jollibee Foods Corporation (JFC), one of Asia's largest food service corporations, announced that its wholly owned subsidiary, Jollibee Worldwide Pte. Ltd. (JWPL) has announced its participation and capital call commitment in Titan Dining II LP (Titan Fund II).

Titan Fund II will have a fund size of S$100,000,000 and will be utilized to make strategic investments in food and beverage ideas with the goal of expanding Asia Pacific food service brands and/or bringing strong global food service brands to Asia Pacific. JWPL will have a 90% participation in Titan Fund II, with a capital commitment of S$90,000,000. Titan Fund II will be managed by Titan Dining Partners II Ltd., a group of individuals with substantial experience in the Asia Pacific food and beverage industry.

Jollibee Foods Corporation (JFC) is one of the largest Asian food service companies with 18 brands in 33 countries. At the end of February 29, 2024, JFC’s store network increased by 6.1% compared to a year ago. JFC operated 6,902 stores worldwide: Philippines (3,336) and International (3,566): 557 in China, 388 in North America, 344 in EMEA, 789 with Highlands Coffee mainly in Vietnam, 1,172 with Coffee Bean and Tea Leaf (CBTL) and 316 with Milksha. Its largest brands by store outlets worldwide are Jollibee with 1,671, CBTL 1,172, Highlands Coffee 789, Chowking 617, and Mang Inasal 573.