Philippines: Jollibee takes 100% ownership of US burger chain Smashburger

Philippines: Jollibee takes 100% ownership of US burger chain Smashburger

Photo: Smashburger's Facebook page

Philippine fast-food giant Jollibee Foods Corporation (JFC) has taken complete ownership of American hamburger chain Smashburger after acquiring the remaining 15 per cent stake that it did not own for $10 million.

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