McDonald’s rival Jollibee soars on plan to list global unit

Jollibee Foods Corp. will spin off its international business and list it on a US stock exchange as the Philippine fast-food ...

Jollibee shares surge after the Filipino fried chicken chain says it’ll spin off its higher-growth but more volatile global business

Jollibee is pursuing an aggressive global expansion, as it tries to grow beyond its profitable Filipino market.