Tony s father found work as a cook at a buddhist temple in downtown manila and accordingly scrimped and saved so he could open his own chinese restaurant in order to provide for his family. The outlet later began offering hot meals and sandwiches upon request from customers. Reflection paper jollibee jollibee is a fastfood chain that established by mr. Tony tan caktiong of jollibee foods, philippines at the apec sme summit. Jfc history in 1975 tony tan caktiong and his brother opened ice cream parlor. Aug 06, 2019 inspirational quotes from entrepreneurs are helpful especially for those who are looking for an inspiration to start a business. Youngest filipino billionaire injap sia reveals his life lessons. Feb 20, 2014 tony tan caktiong was born on october 07, 1960 to a workingclass family from fujian, china, who migrated to the philippines during the post wwii era. Jollibee group early life born third of seven siblings, tony tan caktiong was from a poor family in china who immigrated to the philippines in hope for a better life. Jollibee is a living proof that philippines can race in to other part of the world when it comes to food. Tony tan project gutenberg selfpublishing ebooks read.
Tan was born to chinese immigrant parents from fujian, he attended high school at chiang kai shek college and graduated from the university of santo tomas with a degree. Wipoarrouvignod realizing that he needed a brand name and logo for his new business, mr. In 1978 brothers incorporated the company to jollibee to have greater sales with their ice cream. Like many migrants, tonys father worked hard to support his large family. How jollibee beat competition from mcdonalds to build a. Caktiong and his family decided on using a smiling red bee. Tony tan caktiong dont be afraid to try something new with your compassion to be a successful one because someday. Get to know the man who steered the fastfood chain from a local favorite to a global brand.
Inspirational quotes from entrepreneurs pinoy bisnes ideas. Jollibees founder tony tan caktiong hidden champions fund. The inspiring history of jollibee, a filipino fastfood giant. Tony tan caktiong was a filipino chinese entrepreneur who set up a twooutlet ice cream parlor business in the city of manila. Jollibee founder tony tan caktiong, is another of those chinese immigrant family who went to the philippines in. He is the founder, chairman, and ceo of the fastfood chain jollibee which is the philippines largest fastfood company.
Tony tan caktiong is the founder of jollibee, one of the biggest fast food chains of philippines. Ang mga outlet ng magnolia na pinatatakbo ng pamilya ni tan ay nagsimulang magaalok ng mga hotmeal at sandwich nang mapansin nilang patok ito sa mga tao. In 1979, amalia hizon mercado, husband renato mercado together with their five children, consuelo tiutan, teresita moran, renato mercado, ricky mercado and romy mercado established red ribbon as a small cake shop along timog avenue in quezon city. Son of a chef, tony tan caktiong opened jollibee foods back in 1978 with two. Tony tan caktiong s jollibee has been one of the most admired, most copied, most innovative and most professionallyrun company here in the philippines. Durni g the conferment rtei s, ust graduate school dean prof. Noong 1975, binuksan ni tony tan caktiong at ng kanyang pamilya ang isang magnolia ice cream parlor sa cubao, quezon city na itinalang kaunaunahang outlet ng jollibee. Jollibee not only grew into jollibee not only grew into the countrys biggest food giant, even beating mcdonalds, but has also been embarking.
This, he said, has led to the decline in jollibees profit margins. Lumba shifted the business focus from ice cream to burgers,3 after his studies showed that a much larger market was waiting to be. Tony, the success of the jollibee story is truly inspiring. Jollibee foods corporation final occupational safety and. Below is the full text of tony tan caktiong s speech published on the philippine star. Tony tan caktiong, founder, president and ceo of jollibee foods corporation photo.
In 1975 tony tan caktiong and his family opened a magnolia ice cream parlor3 in cubao. Jollibee foods corporation jollibee foods corporation. Known to be the man behind the countrys famous bee, tony tan caktiong is another ragstoriches story from owning a small ice cream. It does not only keep you inspired and motivated but also changes your prospective about how you view life. Manila when jollibee decided to shift from ice cream to hamburgers in the late 1970s, founder tony tan caktiong and wife grace did their homework. Tony tan story an inspirational journey from icecream. As a student its a motivation to have a goal like mr. The inspiring story began with tony tan caktiong who, once in his life, belonged to a poor family. Tony tan caktiong at the apec sme summit part 1 youtube. He joined the billionaire ranks for the first time in 2011. His father used to operate a kitchen in fujian,china, which was where tony s association with the. Tony tan caktiong was born on october 07, 1960 to a workingclass family from fujian, china, who migrated to the philippines during the post wwii era. Jollibee the early years humble beginnings in 1975 tony tan.
Jollibees tan caktiong claims no more contractualization. He graduated from the university of santo tomas with a degree in chemical. His characteristics include persistence, devoted to his businesses, goalfocused, and networked. And tan caktiong s reach has now extended to other food brands like chowking, greenwich, red ribbon, mang inasal, and burger king. William tan untiong, recorded the minutes of the meeting. Marjorie miryl lazaro tony tan caktiong was born on october 7, 1960 to a workingclass immigrant chinese family from fujian province in china. His family helped each other out by establishing a restaurant business in davao which enabled young tony to study chemical engineering in the university of santo tomas ust. Tony tan caktiong is an inspiration not only to the alumni of the university of santo. When the food items became more popular than ice cream, the family decided to convert the ice cream parlor into a fast food restaurant which became the. Ust confers honorary doctorate in business upon jollibee. In 2016, the brothers were working together to realize the companys vision of making jfc a truly international organization with a significant global presence. Jollibee is incorporated as a 100% filipinoowned company, with seven jollibee fast food restaurants within metro manila as its initial network. Tony tan keng yam was born on february 7, 1940 in singapore to tan seng hwee and jessie lim neo swee. Gaspar bsba iv am description of business jollibee is a wellknown fastfood restaurant in the philippines offering food great tasting and great value food.
Therafter, he attended the university of singapore with a scholarship and earned his undergraduate degree in physics. He is the founder and chairman of the filipino fast food chain. On this day, january 5 in the year 1953, one of the pioneers in the asian fast food chain industry was born in manila, philippines. When the food items became more popular than ice cream, the family decided to convert the ice cream parlor into a fast food restaurant which became the first jollibee outlet in 1978. Jollibee success story free download as powerpoint presentation. Tony tan caktiong built jollibee into a fastfood giant at home. Tony tan caktiong, life and success story ifranchise. Instead, the then28yearold founder called the business together to form a plan of attack. His name is tony tan caktiong, the founder of jollibee foods corporation, a fastrising chain of restaurants with global ambitions to compete with the worlds best.
When tony tan caktiong had stepped down as president and ceo of jollibee foods corporation in mid2014, he had been succeeded by his. Entrepreneurial quotes that will inspire you to pursue business i believe a truly successful man is he who has devoted his life to serving society. Tony tan and his family opens a magnolia ice cream parlor at cubao. While caktiong was still a young boy, his dad opened a restaurant which became one of. They chose a bee because of its association with hard work, and because honey represents the sweet things in life. It has attained success from its humble beginnings. He is the founder and chairman of jollibee foods corporation, and the cochairman of doubledragon properties early career and education.
He is the founder and chairman of jollibee foods corporation, and the cochairman of doubledragon properties. In october 2018, jollibee opened its 37th store in the u. Tony tan caktiong is named global filipino executive of the year at the asia ceo awards. Tan was born to chinese immigrant parents from fujian, he attended high school at chiang kai shek college and graduated from the university of santo tomas with a degree in chemical engineering. Facebook gives people the power to share and makes the world more open and connected. Jollibee founder tony tan caktiong inspires graduates to. Jollibee founder tony tan caktiong, is another of those chinese immigrant family who went to the philippines in hope for a better future. The billion dollar secret 20 principles of billionaire. However, there are several factors that affect a celebritys net worth, such as taxes, management fees, investment gains or losses. It has been the number one fastfood chain overtaking giants such as mc donalds and kentucky fried chicken or kfc. Tony tan caktiong, called the meeting to order and presided over the same. Jfc chairman and founder tony tan caktiong says the health crisis has challenged jfc in ways never seen before. Coronavirus only the latest distraction for philippines. The tony tan caktiong net worth and salary figures above have been reported from a number of credible sources and websites.
Tony tan caktiong is a chinese filipino entrepreneur. Tony tan caktiong, the founder of jollibee, started off with an ice cream shop in 1975. Jollibee was named with the combination of jolly and bee that means happy in serving people. His studied at st patricks school and st josephs institution in singapore. Gisela tiongson executive director our board of trustees 6f jollibee plaza building. I met tony tan caktiong in 1990 during the awarding of the jciphilippines ten outstanding young men of the philippines toym. But tan caktiong refused to hear it, tanmantiong explained. Jollibee said tan caktiong will continue to provide direction and guidance as he will also participate in exploring new ventures and partnerships, and conduct product research and development.
He is the founder and chairman of jollibee foods corporation, the cochairman of doubledragon properties. Jfc completes its acquisition of 50% of superfoods group, which owns and operates highlands coffee and pho 24. The early years humble beginnings in 1975, tony tan caktiong, a filipino of chinese ancestry, and his brothers opened two ice cream parlors in manilas commercial districts of cubao and quiapo. When tony tan caktiong stepped down as president and ceo of jollibee foods corporation jfc in mid2014, ernesto tanmantiong, his younger brother, succeeded him. How jollibees founder is building a fastfood empire. Unknown to many, the man behind the phenomenal success of jollibee is a dabawenyo tony tan caktiong, founder, chairman and ceo of jollibee foods corporation, the largest and most successful fast food chain and franchising network in the philippines. The magnolia outlets operated by tan s family began offering hotmeals and sandwiches upon request from the customers which the family found out to be more popular than the franchise ice cream.
Jfcs systemwide sales break the php100 billion sales mark. Tony tan, founder of jollibee homegrown fastfood giant jollibee foods corp. Tonys father found work as a cook at a buddhist temple in downtown manila and accordingly scrimped and saved so he could open his own chinese restaurant in order. Jfc chairman tony tan caktiong said during the companys stockholders meeting in quezon city. Dream big jollibee motivational story tony tan caktiong. In his annual report during jollibees stockholders meeting today, tan caktiong said the companys main challenge last year was the dramatic rise in the cost of food raw materials. The rise of tony tan caktiong and his global ambition for.
Tony tan caktiong of jollibee group known to be the man behind the countrys famous bee, tony tan caktiong is another ragstoriches story from owning a small ice cream franchise, to heading some of the philippines most famous food chains. Tony tan caktiong chairman grace tan caktiong president belen rillo vice president ysmael baysa treasurer william tan untiong secretary senen bacani member marissa camacho member ernesto tanmantiong member carl brian tancaktiong member joseph tanbuntiong member ma. Tony tan caktiong economy of the philippines philippines scribd. In 1975, tony tan caktiong and his family opened a magnolia ice cream parlor in cubao, quezon city which is credited as the first jollibee outlet. What are the characteristics of tony tan caktiong to be. Fastfood chain magnate tony tan caktiong and entrepreneur edgar injap sia ii have teamed up on the property development business that they envision to be one of the countrys biggest. Founder, jollibee foods corporation see related topic. In 1975, tony tan caktiong and his family opened a magnolia ice cream parlor in cubao, quezon city. He never knew that he was laying the groundwork for a food chain that would beat a multinational fastfood giant in its own game. Jfc completes its purchase of san pin wang business. Jollibee foods corporation jfc has announced that it will be establishing a p1 billion emergency fund for employees as financial support due to the covid19 outbreak. He owns approximately 1500 stores all over the world that include the red ribbon, greenwich, mang inasal, manong pepes, tita frita uling uling, chowking.
Tony tan caktiong, cm is a chinese filipino billionaire businessman. Tony tan caktiong filipino billionaire, the world entrepreneur of the year 2004 most successful people i know have an innate curiosity and desire to find out what paths others took that led to their success. Tony tan caktiong and jollibee success story millionaire. Thanks to tony tan caktiong who is the chairman of jollibee food corporation, that icecream selling brand is now known as the most famous fast food chain in the country. Jollibee foods corporation case harvard business school. They migrated from china to the philippines hoping that they can improve their life in the country.
Tony tan caktiong, life and success story this is a story of how a happy, always smiling bee dominates almost every corner of the streets in the metro. Therafter, he attended the university of singapore with a scholarship and. Aside from the jollibee brand, the company operates chowking, greenwich, red. Feb 27, 2017 life principles by injap sia features a foreword by jollibee founder tony tan caktionginjaps partner in the fastgrowing real estate company doubledragon propertieswho writes, when you step back and put it all together, you realize that injap is quite an amazing person, and you say to yourself, how lucky i am to have met him, to be.
Certification by the corporate secretary on notice and quorum the corporate secretary certified that notices of the annual stockholders meeting had been. Now the familiar bumblebee logo seen all over the philippines is going global. However, sentro ng mga nagkakaisa at progresibong manggagawa secretary general josua mata disapproved of tan caktiong s statement. More famous than his name is the jollibee foods corporation which he founded and manages with several famous food chains under it including jollibee, chowking. Ano nga ba ang jollibee story at alamin natin ang kwento ni tony tan caktiong, the man behind philippines most famous bee, chairman and founder of jollibee. When hamburgers and spaghetti were introduced to the. He served as a member of the singapore parliament from 1979 to 2006 and held various ministerial portfolios, including defence, finance, arts, trade and industry.
Manila, philippines doubledragon properties corporation, the property firm owned by jollibee foods corporation chairman tony tan caktiong and businessman edgar injap sia ii set the final. Tony tan caktiong free download as powerpoint presentation. How did a local jolly red bee knocked down a multinational redhaired. Usa, tony tan caktiong is a philippine businessperson who has been the head of 25 different companies and is chairman of jollibee foods corp. Jollibees founder tony tan caktiong and wife grace ang caktiong. He served as a member of the singapore parliament from 1979 to 2006 and held various ministerial portfolios, including. Jollibee foods corporation harvard business publishing education. Usa which are all subsidiaries of jollibee foods corp. Tony tan caktiong, is a chinese filipino billionaire businessman. In the philippines, jeepneys rule the streets as jollibee rules the fast food scene. If 2019 was a bad year for tony tan caktiong, the philippine tycoon who built a fastfood empire that trounced mcdonalds in his home market, 2020 is shaping out to be worse for his companys.