Jollibee Foods Corp. (JFC), one of the world’s fastest-growing restaurant companies, announced on Monday the divestment of its 30 percent stake in C-Joy Poultry Inc. for ₱33.88 million as part of the strategy to streamline its operations and improve capital efficiency.
In a disclosure to the Philippine Stock Exchange, JFC said that it will sell its entire interest in C-Joy Poultry Inc. to Agrotex Commodities Inc. The transaction marks a key step in the transition toward an asset-light business model, which the company says will enhance its ability to focus on scalable and high-return investments.
“The divestment is aligned with JFC’s strategic shift toward an asset-light business model, enabling greater capital efficiency and sharper focus on scalable, high-return investments,” the company told the regulator.
But even with the sale, the JFC said it is retaining its 30 percent stake in C-Joy Poultry Meats Production Inc., a separate joint venture with U.S.-based agribusiness giant Cargill. That entity owns and operates one of the largest poultry processing facilities in the Philippines and remains a key supplier to JFC, particularly for whole chicken and marinated cuts used across its restaurant network.
C-Joy Poultry Realty, another affiliate, owns the land on which the poultry processing facilities are located—indicating that JFC continues to maintain key strategic interests in its poultry supply chain infrastructure despite the divestment.
Management analysts view the move as consistent with JFC’s global playbook, which has increasingly focused on reducing direct ownership of production assets in favor of partnerships and outsourcing, particularly as it expands its global footprint.
The transaction with Agrotex Commodities is expected to close subject to standard regulatory approvals. JFC has not indicated any immediate operational impact on its restaurant brands or poultry product supply.
