Philippines

The company expanded its reach and market by exploring other channels, such as cloud kitchens, retail outlets, and e-commerce platforms.

System-wide sales, including those from franchised locations, rose 25.5%.

He will be succeeded by Richard Chong Woo Shin.

Also highlighted were the chain’s fully vaccinated store teams and checking of vaccination cards for indoor dining.

This is the Philippine brand’s 23rd store in Canada.

The chain recently opened its first outlet in Manila.

The company, which has 17 brands in 34 countries, plans to add 500 new stores this year.

Net proceeds from the IPO will be used for store openings, renovations, commissary expansion, and others.

The chain said this is their first store in the country to adopt a modular system of construction.

The move comes amidst plans to aggressively expand Tim Ho Wan in China.