Jollibee acquires Mang Inasal The country’s biggest food retailer is acquiring majority control of a fast-growing barbeque fastfood chain in a continuing bid to beef up its business portfolio. Jollibee Foods Corporation (JFC) disclosed to the Philippine Stock Exchange that it is acquiring 70% of the shares of Mang Inasal for Php3 billion. This came as a surprise
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THE MAN BEHIND ‘MANG INASAL’ 2 Comments 26 NOVEMBER 2010 Jollibee Foods Corp. (JFC)‚ the country’s largest fast food chain‚ has taken over control of Mang Inasal‚ a highly successful Visayas-based restaurant chain specializing in grilled chicken‚ in a deal worth P3 billion. In its disclosure to the Philippine Stock Exchange on Oct. 18‚ JFC said it has submitted an unsolicited offer to acquire 70 percent of Mang Inasal Philippines Inc. (MIPI)‚ which was unconditionally and irrevocably accepted
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BACKGROUND | Edgar "Injap" Sia II is the man behind Mang Inasal‚ one of the fastest growing food companies in the Philippines‚ which has become amodern icon of the Ilonggo culinary yculture. His parents gave him the nickname “INJAP” because “Sia” is originally from China while “Jaruda”‚ his mothers name‚ is originally from Japan. “INJAP” stands for Intsik-Japan. His parents are businesspersons and it was expected that he take up some business-related course in college. He took up Architecture instead
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How can Mang Inasal sustain its success? Your column on Mang Inasal?s success secret is still the continuing topic of our group?s conversations. We?re a foursome of Asian Institute of Management (AIM) Master in Entrepreneurship (ME) graduates and you taught our batch. There?s one question raised during our past two weekly gatherings that we all tried answering. But we heard as many different answers as there were members. So we thought we?d pass on the question to you: ?Assuming it?s true that
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(Executive Summary) The Man behind Mang inasal Edgar "Injap" Sia II is theman behind Mang Inasal‚ one of thefastest growing food companies inthe Philippines‚ which has become amodern icon of the Ilonggo culinaryculture. His parents gave him the nickname “INJAP” because “Sia” is originally from China while “Jaruda”‚ his mothers name‚ is originally from Japan. “INJAP” stands for Intsik-Japan. His parents are businesspersons and it was expected that he take up some business-related course in college
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Pre-Mang Inasal At age 10‚ Sia already helps out in the family business‚ stacking merchandise‚ taking inventories or manning the counter after school. It was with the family business that Sia developed the sixth sense for business. By age 20‚ he was already running multiple businesses which include a photo developing store (Injap Color Express)‚ a 58-room three star hotel (Four Season Hotel)‚ and a laundry shop (Mister Labada). Founding of Mang Inasal The start When a 250-meter slot in Robinson’s
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Edgar Sia II: The Man Behind Mang Inasal Sia ’s first taste of running a business was when he was 20 years old. It was at the Four-Season Hotel‚ followed by Mister Labada‚ a Laundromat‚ then Injap Color Express‚ a photo developing shop. All these are based in Iloilo. Then he cooked up the idea of operating Mang Inasal‚ the specialty of which is grilled chicken. It started in 2003 when small town lad Edgar Sia II‚ then a 26-year-old college dropout‚ grabbed a tiny spot in the parking lot of a
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Key Success Factors in the IndustryIn a company such as Mang Inasal‚ innovation is important because competitionin the fast food industry is very tight. Product innovation is a must as it adds value to thecompany since products are being offered to the market for attention‚ acquisition orconsumption that may satisfy a need or want. In this case product innovation is done toget the attention of customers and most especially the non-customers of the company sothat they will have a chance to steal some
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MANG-INASAL INTRODUCTION Mang Inasal Philippines is the Philippine’s fastest growing barbeque fast food chain‚ serving chicken‚ pork barbeque and other Filipino favorites‚ was first established on December12‚2003 in Iloilo City. It operates quick service. It specializes in chicken inasal an various pinoy products. The company’s menu include pinoy palamigs‚ pinoy and keso burger‚ beef singangs‚ and bangus sinigangs. And they also serve pork barbeque and other Filipino favorites. Mang Inasal
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Mang Inasal: Humble Stories and Where They Are Today!!! The epitome of success could never be achieved if one did not set a foot at the bottom of the staircase. Did you know that Mang Inasal‚ one of the most preferred dining places of the Filipinos today‚ can prove this? Where Did Mang Inasal start? Establishing its first branch in a 3-year-old unoccupied space in Robinsons Mall Carpark‚ Iloilo on December 12‚ 2003‚ Mang Inasal quickly became a hit for the Ilonggos. Of course‚ it would not be
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