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Asian fast-food giant Jollibee eyes doubling sales in 5 years

CEO unveils post-pandemic plan that includes M&As in recent interview

A Jollibee fast-food restaurant in New York. The company is focusing on increasing its footprint in North America and China. (Photo courtesy of Jollibee Foods)

MANILA -- Jollibee Foods aims to double its business in the next five years by aggressively growing in the U.S. and China, the company's president and CEO told Nikkei Asia, as the Philippine fast-food group famous for its Chickenjoy and Jolly Spaghetti plots a post-pandemic expansion.

Ernesto Tanmantiong said in an interview that one of Asia's most famous restaurant chains planned to have 10,000 branches in its network by 2027 compared with close to 6,300 as of end-June.

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