Billionaire Tony Tan Caktiong takes Jollibee Foods global
date:Feb 01, 2013
, says Tan. We now have nearly 400 stores. We estimate we need 500 to get to breakeven. We think we can get to that in 2014.

Jollibee is also entering Taiwan with an agreement to join with a subsidiary of the countrys largest restaurant-chain group, Wowprime. The partners will own the hot pot dining chain 12 Sabu, which has 18 restaurants in Taiwan and plans for more in China, Hong Kong and Macau; Jollibee is making an $8 million investment. And it broke into Vietnam, spending $25 million in Ja
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