1851

Denver-based Smashburger has a new majority owner after its announcement today. According to a <a href="https://www.fastcasual.com/news/jollibee-foods-corporation-becomes-majority-owner-of-smashburger-in-100m-deal/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=fast-casual-jollibee-foods-corporation-becomes-majority-owner-of-smashburger-in-100m-deal-2705564" target="_blank" rel="nofollow">recent Fast Casual article</a>, Jollibee Foods Corporation acquired an additional 45 percent of the brand, bringing its ownership stake up to 85 percent, in a $100 million deal.

&quot;Our momentum in 2017 around improved guest experience, iconic and record-setting product launches, and innovative marketing provide JFC a tremendously strong brand to enter the North American market. Our entire team couldn&#39;t be more excited to grow the Smashburger brand and share the great tastes of Smashburger with the world,&quot; said Tom Ryan, co-founder and CEO of Smashburger.

Currently, the brand operates 360 corporate and franchise restaurants in 35 states and nine different countries, and this partnership will continue to focus on strategic growth in new and existing markets. In 2017, the brand launched a subscription model consumer frequency program called Smash Pass&ndash;a new idea for the fast casual scene&ndash;and sold close to two million of its Triple Double Burgers.

<a href="https://www.fastcasual.com/news/jollibee-foods-corporation-becomes-majority-owner-of-smashburger-in-100m-deal/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=fast-casual-jollibee-foods-corporation-becomes-majority-owner-of-smashburger-in-100m-deal-2705564" target="_blank" rel="nofollow">Click here to read the full article</a>.&nbsp;

Jollibee Foods Corporation Becomes Majority Owner of Smashburger in $100M Deal

Fast Casual: Jollibee Foods Corporation Becomes Majority Owner of Smashburger in $100M Deal

1851 Franchise

Smashburger hopes JFC’s additional investment will help continue to strategically grow the brand globally.

fast-casual-jollibee-foods-corporation-becomes-majority-owner-of-smashburger-in-100m-deal

Busy Bee Jumpers

Bouncing Into Business: Meet Kayla and Jason Leonard, Busy Bee Jumpers’ New Franchisees 

Bouncing Into Business: Meet Kayla and Jason Leonard, Busy Bee Jumpers’ New Franchisees in Rhode Island

bouncing-into-business-meet-kayla-and-jason-leonard-busy-bee-jumpers-new-franchisees-in-rhode-island

Woodhouse Spas

Photo of exterior of Woodhouse Spa location

How Woodhouse Spas Leverages Learning Management Systems

woodhouse-spa-franchise-training-lms

Image Studios

image of studios salon suites stylists business owners

Finding Freedom: Why Beauty and Wellness Professionals Build Their Dream Careers With IMAGE Studios

benefits-image-studios-salon-suites

IMAGE Studios Offers a Scalable, Real Estate-Focused Franchise Opportunity in an Industry Projected to More Than Double Within a Decade

image-studios-franchise-opportunity

ServiceMaster Restore

ServiceMaster Restore - Disaster Response - 1851 Franchise

When Disaster Strikes, ServiceMaster Restore Moves

servicemaster-restore-disaster-response-carmen-coleman

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Development Website Builder

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

Jeni’s Splendid Ice Creams Begins Franchising To Grow Its Fellowship Model

jenis-splendid-ice-creams-begins-franchising-to-grow-its-fellowship-model

Design with American and Federal Reserve flags against light blue background

Federal Reserve Expected To Cut Rates by Quarter Point, a Move That Could Boost Franchise Growth

fed-rate-cut-boosts-franchise-growth

Potbelly to be Acquired by RaceTrac in $566 Million Deal 

racetrac-acquires-potbelly-in-566-million-deal

Health Care Hiring Slowdown Highlights In-Home Care Franchise Opportunities - 1851 Franchise Agg

Health Care Hiring Slowdown Highlights In-Home Care Franchise Opportunities 

health-care-hiring-slowdown-in-home-care-franchise-opportunities

Caribou Coffee Names Scott Kennedy CEO, Eyes Continued Growth

caribou-coffee-names-scott-kennedy-ceo-eyes-continued-growth

Technomic Releases Annual Ranking of the Top 15 Fast-Food Chains in the U.S.

technomic-releases-annual-ranking-of-the-top-15-fast-food-chains-in-the-us

Power Eats: Smoothie King Rolls Out Food Nationwide To Fuel Franchise Growth

smoothie-king-food-menu-power-eats

Hely and Hiral Patel Bring Their Longtime Dream to Life With The Brass Tap

brass-tap-franchise-pasadena-maryland-hely-hiral-patel

1851 Keyword - The Secret To Succeeding With a Part-Time Franchise Is Picking the Right Model

The Secret To Succeeding With a Part-Time Franchise Is Picking the Right Model

part-time-franchises-picking-the-right-model

Franchisee spotlight graphic with photo of Ricki Oberoi and Layne's Chicken Fingers logo

Fast Casual: Jollibee Foods Corporation Becomes Majority Owner of Smashburger in $100M Deal

MORE STORIES LIKE THIS