Franchising

by Iris Gonzales (The Philippine Star), 25 Jun 2021 MANILA, Philippines — Asian food conglomerate Jollibee Foods Corp. (JFC) is bringing Taiwan’s Milkshop bubble tea brand to the Philippines, initially to its Chowking and Mang Inasal stores.

by Louella Desiderio (The Philippine Star), 24 Jun 2021 MANILA, Philippines — Over 70 percent of franchise businesses incurred losses and had to trim their workforce as they were hit hard by the pandemic, the Philippine Franchise Association (PFA) said.

By: Ronnel W. Domingo, Philippine Daily Inquirer, 3 Oct 2020 The Philippine franchising sector is seen shrinking by 70,000 outlets to 130,000 by the end of 2020 from a peak of 200,000 stores at the end of 2019 due to the onslaught of the coronavirus.

Yul Servo, Dan Fernandez, pati 'yong ama ng isang ABS-CBN talent pic.twitter.com/Hf3VjbR56I — The Professional Heckler (@hecklerforever8) July 10, 2020

Surging demand in the provinces for affordable small business ventures and the underlying shift of overseas Filipino workers to entrepreneurship are driving the annual 20 percent growth of the franchising industry, according to a trade group.

THE DEPARTMENT of Trade and Industry is positioning its yet-to-be-finalized guidelines for the growing franchising industry as more voluntary than mandatory.

Franchising seems to be immune from the global financial crisis, with some firms expanding even during the economic turmoil, officials of the Philippine Franchise Association (PFA) told The Manila Times in an exclusive roundtable interview on Monday.