PANDA Express is set to open its first branch in the Philippines “soon.” — COMPANY HANDOUT
JOLLIBEE Foods Corp. (JFC) is opening the country’s first Panda Express store in SM Megamall, Pasig City.
The announcement comes a year after the homegrown food giant said it has entered into a 50-50 joint venture with Panda Express operator, Panda Restaurant Group, Inc. The JV firm, called JBPX Foods, Inc., has an authorized capital stock of $5 million.