The ghost kitchen operator has expanded its presence in the Philippines through a joint venture with TDG Ventures (TVI).
The joint venture will operate under the name ‘JustKitchen TDG, Inc’ and will be the exclusive operator of ghost kitchens under the ‘JustKitchen’ brand and distributor of JustKitchen products and offerings in the Philippines. The launch is part of JustKitchen’s global expansion plan, which will see kitchens opening in markets such as Japan, Singapore, Malaysia and Vietnam next year.
Jason Chen, Co-Founder and CEO, said: “Forming this joint venture with TVI to enter the Philippines market is a significant milestone for JustKitchen as it marks the third country in which our company will be operating in just a short period.”
Under the terms of the agreement, JustKitchen will maintain a 51 per cent ownership interest in the joint venture company and TWI will maintain a 49 per cent ownership. As exclusive operator of the brands, the joint venture company will be granted exclusive franchising and licensing rights to the brands with rights to sub-franchise to local operators.
