Corporate

Eugenio “Gabby” Lopez III on Monday said his family branch sold its 25.7-percent stake in Lopez, Inc. to businessman Ramon S. Ang, reshaping the ownership of one of the Philippines’ best-known family business groups while potentially drawing a line under a long-running family dispute.

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Jollibee Foods Corp. is accelerating its Canadian expansion, signing its first multi-unit franchise deal in British Columbia and lining up 26 new restaurants that could nearly double its Canadian footprint within five years.

The Securities and Exchange Commission (SEC) has stood by its decision to set term limits for broker-directors of the Philippine Stock Exchange (PSE). Under SEC Memorandum Circular No. 17, these directors may serve a maximum of 10 years in total at any exchange.

The Jollibee Group has opened its first Philippine branch of Compose Coffee at Market! Market! in Bonifacio Global City, Taguig.