Jollibee Foods’ (JFC) subsidiary, Jollibee Worldwide, has terminated the master franchise agreement for Dunkin’ Donuts in certain territories in Mainland China, Hong Kong and Macau after more than seven years.
The operations of Beijing Golden Cup Corporation, which operates seven Dunkin’ Donuts restaurants in Beijing, have been terminated as well, the company announced today.
The Philippines-based group said it will focus on expanding in China through its larger businesses there, including Yonghe King (418 stores), Hong Zhuang Yuan (55 stores) and Tim Ho Wan (13 stores). The company also has 21 Jollibee stores in Hong Kong and three in Macau.
Meanwhile, Dunkin’ plans to continue expanding its footprint across China and the broader region through franchising. The US coffee and doughnuts chain operates more than 2100 restaurants in Asia-Pacific.
As of the end of September 30, JFC operated 6351 stores worldwide.
“JFC looks forward to building a significant business in the Chinese Mailand, Hong Kong and Macau,” the company said.