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Business deals

Japan's Mos Burger heads for the Philippines

Fast-food chain plans to open 50 restaurants by 2027

Mos Burger is ramping up store openings across Asia, such as this outlet in Bangkok.

TOKYO -- Japan's Mos Burger will open its first restaurant in the Philippines by the end of next March, the fast-food chain's operator said Thursday, marking its first expansion into a new market in seven years.

Mos Food Services, together with local peer Tokyo Coffee Holdings, will set up a joint venture as early as August. Tokyo Coffee will own a 65% majority stake in Mos Burger Philippines, while Mos Food will hold the rest. The venture's first restaurant will be located in the Manila area, with the goal of running a chain of 50 outlets by 2027.

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