Open this photo in gallery: A Jollibee restaurant sign in the U.K.Henry Nicholls/ReutersJollibee Foods Corp plans ​to spin off ‍its international operations and list the new unit as an independent company on ‍a ​U.S. securities exchange, it said in a filing with the Philippine Stock Exchange on Tuesday. Jollibee’s ‍shares surged 14.5 per cent after the ‌filing, on course for their ⁠biggest one-day jump in over ​five years. The fast food restaurant operator said it intends to execute the transaction in late 2027, subject to market conditions, due diligence ​and regulatory approvals. Jollibee ‌operates more than 10,000 stores across 33 countries under brands including Jollibee, Chowking, Smashburger and Tim Ho Wan, among others.

Source: International New York Times January 06, 2026 13:50 UTC