Philippines-based fast-food group Jollibee Foods Corporation announced plans to spin off its international business and pursue a listing on a U.S. stock exchange, as part of efforts to unlock shareholder value and accelerate global expansion. The move would separate the company’s overseas operations from its domestic business, allowing each to pursue more focused growth strategies.

Jollibee said its international arm has shown strong performance, particularly in North America and other overseas markets. Management believes a U.S. listing would provide better access to capital and increase the visibility of the brand among global investors. The proposal is subject to regulatory and shareholder approvals.

Market analysts said the spin-off could allow investors to better assess the growth potential of Jollibee’s international operations independently. It may also give the company greater flexibility to pursue acquisitions and partnerships abroad. Similar strategies have been used by Asian consumer companies seeking global exposure.

Despite the positive outlook, analysts noted potential risks, including currency fluctuations and varying consumer preferences across markets. Managing operations across multiple regions could also pose operational challenges as expansion continues.

If completed, the transaction would mark one of the more notable Southeast Asian consumer-sector listings in the U.S. in recent years, reflecting growing global ambitions among regional brands.

Source: Reuters