International Expansion
Filipino hotel brand launches first overseas property in Madrid
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DoubleDragon Corporation's subsidiary has opened Hotel101-Madrid, marking the first Filipino homegrown hotel brand to operate abroad. The 680-room property in Madrid's Valdebebas district becomes one of Spain's largest hotels by room count. It caters to leisure and business travelers with modern amenities near key attractions.
Jollibee has announced plans to spin off its international operations for a potential listing on a US stock exchange by 2027. This move aims to unlock higher valuation by adopting an asset-light model similar to McDonald’s. The international segment already shows strong growth, contributing roughly 40% of EBITDA from overseas.
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Chinese beauty brands are encountering a slow slog in expanding their retail presence outside China. CLSA analyst Chris Gao notes that for established domestic cosmetics companies attempting to expand abroad, progress is still in its early stages.