HONG KONG,CHINA - Media OutReach - 6 October 2020 - TheJollibee Group opened Mainland China's first-ever Tim Ho Wan in Shanghai recently,marking the Michelin starred restaurant's entry into one of the world's largesteconomies. Located in the Jing'an Kerry Center, which is just a few minutesaway from the famous Jing'an Temple, Tim Ho Wanis the latest addition to the portfolio of brands being directly operated bythe Jollibee Group and is a joint venture with the Tim Ho Wan Group.
Shanghai, home to 24 million people and one of themost populous city centers of the world, welcomed Tim Ho Wan with a packedwaiting list and a long line of customers. The most popular dishes are thesignature Baked BBQ Pork Buns, Rice Rolls, Pork &Shrimp Dumplings, and the Pan-Fried Radish Cake. Everything on the menu isalways freshly steamed and freshly served following the philosophy of the dimsum icon. Tim Ho Wan is often called oneof the most affordable Michelin-starred restaurants in the world, with its ShamShui Po branch in Hong Kong being awarded a Michelin star for eleven straightyears.
"The core of Tim Ho Wan is to serve deliciousauthentic Hong Kong dim sum to morepeople ata good value for money, and this is why we believe that Tim Ho Wan is a greataddition to the Jollibee Group's portfolio," said Jollibee Group CEO ErnestoTanmantiong. "Opening in Shanghai, one of the busiest global hubs, is anexcellent starting point for our expansion plans for Tim Ho Wan in MainlandChina, and our near-term goal is to open 100 restaurants in the next 5 years."
"We are excited to grow the Tim Ho Wanbrand in Mainland China as we leverage on our established network here andknowledge in food-service," said Jollibee Foods Corporation China Chairman CarlTancaktiong. "Given the response we are seeing, we are planning to open the second store by theend of this year. Aside from Shanghai,we will also open in Beijing, Shenzhen, and Guangzhou."
Jollibee Group has entered into a jointventure agreement with the Tim Ho Wan Group to open and operate Tim Ho Wanrestaurants in Mainland China.
About Jollibee Group
Jollibee Group is one ofthe fastest-growing Asian restaurant companies in the world. It operates in 35countries, with over 5,800 stores globally with branches in the Philippines,United States, Canada, the People's Republic of China (including Hong Kong andMacau), United Kingdom, Italy, Vietnam, Brunei, Singapore, Saudi Arabia, UnitedArab Emirates, Qatar, Oman, Kuwait, Bahrain, Indonesia, Costa Rica, Egypt, ElSalvador, Panama, Malaysia, South Korea, Japan, and India. It has 8wholly-owned brands (Jollibee, Chowking, Greenwich, Red Ribbon, Mang Inasal,Yonghe King, Hong Zhuang Yuan, Smashburger), 3 franchised brands (Burger Kingand Panda Express in the Philippines, Dunkin' Donuts in certain territories inChina), 80% ownership of The Coffee Bean and Tea Leaf, and 60% ownershipin the SuperFoods Group that owns Highlands Coffee and PHO24 brands.
Jollibee Group is asignificant investor in Titan Dining LP, the ultimate holding entity of Tim HoWan Pte. Ltd., and has a business venture with award-winning Chef Rick Baylessfor Tortazo, a Mexican fast-casual restaurant business in the United States.
Jollibee Group has beennamed the Philippines' most admired company by the Asian Wall Street Journalfor ten years and was honored as one of 'Asia's Fab 50 Companies' by ForbesAsia Magazine.
Jollibee Group has grownbrands that bring delightful dining experiences to its customers worldwide, inline with its mission of serving great tasting food and spreading the joy ofeating to everyone.