Tag: expansion

Fruitas branches out with launch of new brands, provincial expansion

RIDING on the economic dynamism of key cities and provinces outside the capital, Fruitas Holdings Inc. (FHI) expanded its network in the Visayas and Mindanao with 70 new stores, bringing its total store count to 849.

In keeping with its goal to serve the fast-growing food cart industry, FHI opened more than 70 new stores this year. Its growth was driven by its entry into new markets outside Metro Manila, including locations in Cebu, Davao, Dagupan, Leyte, Iloilo and Cagayan de Oro, as well as the opening of new food brands.

Further driving its expansion was the launch of food brands serving various market segments, which include Cascades Lifestyle Park, UVA, Chikenini and LA Steak.

“Fruitas Holdings plans to further strengthen our footprint outside Metro Manila. We have been doubling our number over the past years and would like to sustain this momentum,” said Lester Yu, Fruitas Holdings Inc. president and CEO.

In 2017 FHI reported P1.2 billion in consolidated sales, a 130-percent increase from its half-a-billion sales in 2016, which was driven by aggressive expansion and opening of stores for the year. The company has been almost doubling their stores for the past two years. In 2016 FHI capped the year with 415 stores, a 60-percent increase from 2015. Last year FHI ended with over 750.

Alongside its expansion, Fruitas Holdings also partnered with GCash to integrate the Scan-to-Pay feature into their payment system, which allows their customers to do cashless transactions in 45 of its pilot stores. The company is targeting to launch the mobile payment system in all FHI brands nationwide by end-2018.

“To advance the growth of our physical stores, we also plan to grow with technology through GCash. It will be an opportunity for us to provide an easier and more efficient payment system and create a better experience for our consumers,” Yu said.

Fruitas Holdings Inc. currently has over 20 brands under its portfolio namely Fruitas Fresh From Babot’s Farm, Buko Loco, Juice Avenue, Buko Ni Fruitas, Fruitas Ice Candy, De Original Jamaican Pattie Shop and Juice Bar, The Mango Farm, Johnn Lemon, Black Pearl, Cindy’s Candy Cloud, Tearex, Shou La-Mien Hand-Pulled Noodles, Friends Fries, 7,107 Halo-Halo Islands, The Pub, Munifico Pizzeria, Fancie, Fruitas House of Desserts, Uno Cinquenta The Lifestyle Park, Le Village The Lifestyle Park, and Cascades The Lifestyle Park.

FHI is the leading group in the food cart industry in the Philippines. Since its first stall opened in 2002, the group now has over 800 stores all over the country and over 20 brands in its portfolio.

*this article was copied and originally published in BusinessMirror, last September 14, 2018 and can also be found at https://businessmirror.com.ph/fruitas-branches-out-with-launch-of-new-brands-provincial-expansion/

Jollibee opening in UK, Manhattan, Macau

By James Loyola

Jollibee Foods Corporation (JFC) is set to open its first Jollibee stores in three different milestone locations – UK, Manhattan, and Macau — as part of its overseas expansion plans.

Manila Bulletin

Manila Bulletin

This development comes as the company continues its rapid expansion in order to even the share of domestic to international sales.

The first Jollibee store in UK will have its grand opening on October 20, and a few weeks before, the Macau branch will do its grand opening on September 28. The Manhattan, New York store will open within a few months.

JFC is bringing the company’s well-loved brand to Filipinos abroad to give them a “taste of home.”However,on top of serving Filipinos overseas, JFC has seen the success of Jollibee in catering to local markets.

In Vietnam and Brunei, all of its customers are locals. Jollibee is in fact the fastest growing chain in Vietnam while it is one of the top fastfood chains in Brunei.

In Hong Kong and Singapore where it has added more stores, more than half of its customers are locals. JFC envisions to continue replicating its success in the Philippines, Vietnam, Brunei, Hong Kong and Singapore in other markets soon.

In 2013, JFC became the number one restaurant company in Asia, in terms of market capitalization and is now the world’s largest Asian Restaurant Company.

The fast-food giant is now aiming to be among the Top 5 Largest Restaurant Companies in the world in terms of market capitalization.

To achieve this, JFC identified focusing on the two largest economies in the world, namely China and United States, and for continued expansion in other parts of the world, while sustaining business growth in the Philippines.

 

*this article was copied and originally published in Manila Bulletin , last September 12, 2018 and can also be found at https://business.mb.com.ph/2018/09/12/jollibee-opening-in-uk-manhattan-macau/

Ayala health unit to expand Generika, clinics by 2020

AYALA Healthcare Holdings Inc. (AC Health) bared on Wednesday its plan to expand its retail-health network and primary care facility with more than 1,000 Generika Drugstores and around 100 FamilyDOC clinics by the next couple of years.

With almost 800 outlets at present, Generika Drugstore is co-owned (50 percent) by the health arm of the Ayala Corp. with the Ferrer family (50 percent).

Established in 2003, it provides consumers with greater access to affordable yet quality generic medicine; in-store services like free blood-pressure check, computerized medicine guides, and scheduled free consultations; as well as a series of community events through Gabay Kalusugan.

“We hope to be able to grow to a little over 1,000 stores by the year 2020. That’s a target that we’ve always had to do, when Ayala came in in 2015,” said Generika Drugstore VP for Operations Jay Ferrer during their press briefing held at The Blue Room, Tower One & Exchange Plaza in Makati City.

“We collaborated and we thought we wanted to expand this so much further so that we could share and offer the Generika services to more Filipinos in the country,” he added.

AC Health President and CEO Paolo Borromeo said some of the 200-plus outlets to be opened will be through franchising.

“But we also have plans to increase the number of company-owned stores,” he said, without citing the exact figure.

FamilyDOC is a wholly owned unit of AC Health that combines the services of a clinic, a diagnostics facility and a pharmacy.

Currently, it has a total of 40 clinics located in Laguna, Cavite, Parañaque, Taguig, Pasig, Pateros and Las Piñas—all serving over 157,000 unique patients to date.

Following its expansion in Caloocan, Marikina and Quezon City, this 3-in-1 basic health-care facility is reaching more communities within Metro Manila. It aims to expand in Valenzuela and Rizal.

“Today, we open our 41st clinic in Lower Bicutan. By the end of the year, we will be [having] more than 50 clinics operating,” FamilyDOC General Manager Raymund Paul Darroca said, citing their initiative to double the number in the next two years. “And we will be in almost all the major residential areas across mega Manila.”

When pressed on capitalization, AC Health declined to divulge the total investment needed for the expansion initiative.

“But it’s not a lot because the cost of a pharmacy and the cost of a clinic is not huge by any means. It is something I think we are prepared to do,” Borromeo said.

This expansion, he explained, will be funded by the committed budget of Ayala Corp. since AC Health was incepted in 2015.

“Overall, we’ve allocated up to $200 million for health care. That’s the commitment of Ayala to health care,” he said.

AC Health is a wholly owned subsidiary of the Ayala Corp. and serves as the portfolio company for its health-care businesses.

Apart from Generika Drugstore and FamilyDOC, it is also investing in health-technology solutions, such as its HealthTech arm, Vigos Health Technologies, and MedGrocer, a Food and Drug Administration-licensed online pharmacy.

For the first half of 2018, Ayala Corp. reported a 7-percent increase in net income to P16.1 billion year-on-year. The publicly listed firm’s profits reached P8.4 billion in the second quarter of this year, 3 percent higher than the same period in 2017.

*article was copied and originally published in BusinessMirror, last Aug. 29, 2018 and can also be found at https://businessmirror.com.ph/ayala-health-unit-to-expand-generika-clinics-by-2020/

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