Author Topic: Jollibee buys Mang Inasal for P3 billion  (Read 12275 times)

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Dodong_Pobre

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Jollibee buys Mang Inasal for P3 billion
« on: Oct 18, 2010, 08:20 PM »
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Jollibee buys Mang Inasal for P3 billion
10/18/2010 | 05:26 PM

Fastfood giant Jollibee Foods Corp. on Monday said it is buying 70 percent of Mang Inasal Philippines Inc. — a Filipino food chain — for P3 billion.

In a filing with the Philippine Stock Exchange, Jollibee Foods said it would pay Mang Inasal owner Edgar Sia III of Injap Investments Inc. P200 million in downpayment.

Injap will have a 30-percent interest in Mang Inasal, the disclosure read.

The deal will be complete in 30 days, subject to due diligence by Isla Lipana & Co. and law firm Romulo Mabanta Buenaventura Sayoc and De Los Angeles, according to Jollibee Foods.

The purchase of Mang Inasal will add 5 percent to the fastfood giant’s worldwide system sales and 7 percent to its profits, according to Jollibee Foods.

It will also increase Jollibee Foods’ worldwide network of stores by 16 percent.

Since it started in 2003, Mang Inasal has grown to 303 stores with estimated total revenues of P2.6 billion and system-wide sales of P3.8 billion.

Jollibee Foods has 1,953 stores in the Philippines, the United States, China, and other countries. — Jesse Edep/VS, GMANews.TV

DonT

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Re: Jollibee buys Mang Inasal for P3 billion
« Reply #1 on: Oct 18, 2010, 09:04 PM »
Wow...did'nt know that Mr. Inasal is already worth that much.  :applause:
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mitsurugi

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Re: Jollibee buys Mang Inasal for P3 billion
« Reply #2 on: Oct 18, 2010, 09:21 PM »
Surely, the unlimited rice helped him pull it off. ^_^

Shaun

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Re: Jollibee buys Mang Inasal for P3 billion
« Reply #3 on: Oct 18, 2010, 09:34 PM »
wow! malamang magtataas na ng franchise package Mang Inasal...swerte mga nauna.

TSO

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Re: Jollibee buys Mang Inasal for P3 billion
« Reply #4 on: Oct 19, 2010, 12:08 AM »
boom baby! just when there were rumors of MI going public...
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happyknappy

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Re: Jollibee buys Mang Inasal for P3 billion
« Reply #5 on: Oct 19, 2010, 08:12 AM »
wow... talaga.. nabili na ba... mukhang mawawala na unlimited rice nyan pag nataon.

kilala pa naman ang jollibee sa pag titipid at pag co cost cutting.. kahit ma sacrificed yung panlasa ng customer...
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bisoy

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Re: Jollibee buys Mang Inasal for P3 billion
« Reply #6 on: Oct 19, 2010, 10:43 AM »
di nmn siguro baka sa mga franchise na jollibee lang un kaya bumababa minsan ung quality...
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dioj

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Re: Jollibee buys Mang Inasal for P3 billion
« Reply #7 on: Oct 19, 2010, 03:09 PM »
In fairness, masarap yung chicken inasal nila ah
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foolcha

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Re: Jollibee buys Mang Inasal for P3 billion
« Reply #8 on: Oct 19, 2010, 03:17 PM »
Jollibee feels threaten by Mang Inasal that's why they bought it or probably the food industry in the Philippines is already matured and they have no other way to increase there bottom line other than acquisitions of other businesses and oversees expansion.

All I can say, This is a very strategic move by Jollibee. They have definitely secured there #1 position in the food industry.
« Last Edit: Oct 19, 2010, 03:21 PM by foolcha »

Dodong_Pobre

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Re: Jollibee buys Mang Inasal for P3 billion
« Reply #9 on: Oct 19, 2010, 03:40 PM »
Jollibee feels threaten by Mang Inasal that's why they bought it or probably the food industry in the Philippines is already matured and they have no other way to increase there bottom line other than acquisitions of other businesses and oversees expansion.

All I can say, This is a very strategic move by Jollibee. They have definitely secured there #1 position in the food industry.

hehehe, I totally agree.. Naalala ko last month nung nagbakasyon ako jan sa Pinas.. Napadaan ako sa Jollibee Vito Cruz para bumili ng take-out... Hindi ko mapigilang mapangiti dahil nakalagay na promo nila sa branch na yun is UNLIMITED RICE... pagkalabas ko eh andun pala sa tabi nila ang Mang Inasal... hehehe

dinaren

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Re: Jollibee buys Mang Inasal for P3 billion
« Reply #10 on: Oct 19, 2010, 05:34 PM »
if you cant beat it, buy it.  :watchuthink:

the owners of Mang Inasal from Iloilo got a major windfall (3B) and jollibee got rid of their potential major competitor/stumbling block. Win win situation.  :applause:
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bauer

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Re: Jollibee buys Mang Inasal for P3 billion
« Reply #11 on: Oct 19, 2010, 09:21 PM »
paano natin masabi na win win? baka win jollibee, lose consumers? di kasi baka mawala unli rice
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Dodong_Pobre

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Re: Jollibee buys Mang Inasal for P3 billion
« Reply #12 on: Oct 19, 2010, 09:30 PM »
paano natin masabi na win win? baka win jollibee, lose consumers? di kasi baka mawala unli rice
Palagay ko hindi gagawin un ng Jollibee dahil besides from the chicken itself, ung UNLIMITED RICE ang isa sa mga alas ng Mang Inasal kaya nakuha ang loob ng mga consumers.. It would be a suicide kapag tinanggal nila un...

sneaker23

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Re: Jollibee buys Mang Inasal for P3 billion
« Reply #13 on: Oct 19, 2010, 10:47 PM »
Mang Jollibee!!!

Post Merge: Oct 19, 2010, 10:51 PM
Im not really sure about the idea but Mang Inasal is an indirect competitor and will surely take a good slice of consumers on areas where Jollibee, Mcdo and Mang Inasal are present.

What's the best way to deal with it? Buy It!

Besides most companies I've read gets bigger after acquiring their competitors
« Last Edit: Oct 19, 2010, 10:51 PM by sneaker23 »

rgpanes

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Re: Jollibee buys Mang Inasal for P3 billion
« Reply #14 on: Oct 19, 2010, 10:54 PM »
makapag-tayo nga ng "Aling Inasal"

 


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