MANILA - Jollibee Foods Corp on Wednesday said its subsidiary will discontinue the Dunkin' business in Beijing, China due to the termination of the master franchise deal.

Jollibee Worldwide Pte Ltd, Jasmine Asset Holdings Ltd and Dunkin' Donuts Franchising LCC announced the termination of the Master Franchise Agreement for Dunkin' which covers select territories in China. Hong Kong and Macau, JFC told the stock exchange.

The said franchise deal was signed in Jan. 5, 2015. JFC said. Dunkin' plans to continue expanding its footprint in China through franchising, the company said.

Operations of Beijing Golden Cup, which operates 7 Dunkin in Beijing, have also been terminated, it added.

JFC said it would focus on building its business in China through the expansion of other brands.

So far it has 418 Yonghe King stores, 55 Hong Zhuang Yuan and 13 Tim Ho Wan stores in China. It also has 21 Jollibee stores in Hong Kong and 3 in Macau.

"It looks forward to building a significant business in the Chinese mainland, Hong Kong and Macau," the homegrown restaurant operator said.

JFC has a network of 6,351 stores globally as of Sept. 30, 2022.

• Jollibee 'very committed' to China expansion; 14 Hubei stores closed
• Jollibee eyes revenue growth on back of 'aggressive' China expansion
• JFC opens first Tim Ho Wan branch in Hangzhou; eyes opening 100 stores in China

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