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× Jollibee allots P7B for business transformation

Listed Jollibee Foods Corp. (JFC) is looking to spend P7 billion to implement changes in its global business structure.
In a disclosure on Friday, the fast food giant said the amount would be used in the rationalization of its nonperforming stores, store network, supply chain facilities and management, and support group structure.
The expense provision would be set up in the second quarter and…