Jollibee Plans Spin-Off of International Unit for US Listing

Jollibee Foods Corp., the Philippines' largest fast-food operator, announced plans on Tuesday to spin off its international operations into a separate entity and list it on a United States stock exchange by late 2027, a move aimed at accelerating global expansion and providing clearer investment options. The announcement triggered the company's largest single-day share surge in more than five years, with shares rising 14.5 percent after a one-hour trading halt on the Philippine Stock Exchange.

The new company, to be named Jollibee Foods Corporation International, will encompass all of Jollibee's businesses outside the Philippines, including its operations in over 30 countries such as the United States, China, Canada, and Vietnam. The parent company's Philippine operations, which generate stable cash flow from its dominant domestic market share, will remain listed on the Philippine Stock Exchange. Jollibee has engaged international and local advisers to finalize the structure, process, and timing of the separation, though the plan remains preliminary and subject to market conditions, due diligence, regulatory approvals, and legal requirements.

Under the proposed arrangement,...