McDonald's Rival Jollibee Foods Eyes US Listing Of International Business By 2027 - Jollibee Foods (OTC:JBFCY), McDonald's (NYSE:MCD)
Jollibee Foods Corp. (OTC:JBFCY) announced plans on Tuesday to separate its international business and list it in the U.S. by late 2027.Jollibee To Spin Off Global OperationsThe Philippine fast-food giant plans to establish a new entity, Jollibee Foods Corporation International (JFCI), to house all of its overseas operations and businesses. Its domestic operations will remain a separately listed company on the Philippine Stock Exchange.The spinoff aims to sharpen each company's strategic focus and better al ...