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Business deals

Fast-food giants Jollibee and Yoshinoya team up in Philippines

Joint venture eyes delivery as pandemic crimps eat-in restaurants

 Jollibee is betting Yoshinoya's famous beef bowls will travel well amid pandemic-related restrictions on eat-in restaurants. (Source photos by AP and Nikkei)

MANILA -- Asian fast-food giants Jollibee Foods and Yoshinoya Holdings are teaming up to open 50 branches of the famed Japanese beef bowl restaurant in the Philippines.

The joint venture, announced by the Philippine fast-food leader on Tuesday, comes as the restaurant industry struggles to find its feet after crippling lockdowns to prevent the spread of coronavirus.

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