 | |
| Company type | Subsidiary |
|---|---|
| Industry | Restaurants |
| Founded | Iloilo City, Philippines (December 12, 2003) |
| Founder | Edgar "Injap" J. Sia II |
| Headquarters | Pasig, Metro Manila, Philippines |
Number of locations | 570[1] |
Area served | Philippines |
Key people |
|
| Products | Filipino cuisine Fast food |
| Revenue | ₱12 billion (2015) |
Number of employees | 15,000 |
| Parent | Jollibee Foods Corporation |
| Website | manginasal |
Mang Inasal Philippines, Inc., or simply Mang Inasal (Hiligaynon for "Mr. Barbecue"), is a barbecue fast food restaurant chain in the Philippines established on December 12, 2003, in Iloilo City.
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Transcription
History
Mang Inasal was started by Edgar "Injap" Sia II (born 1977), who owned his first business at the age of twenty.[2] Sia engaged in the food business at twenty-six years of age, opening the first Mang Inasal branch on December 12, 2003 at the Carpark Building of Robinsons Place Iloilo in Iloilo City.[2] The restaurant was an instant success, despite stiff competition from other established grilled-food restaurants.
Mang Inasal opened its first branches in the Visayan region, later expanding to Mindanao then to Metro Manila. The company started franchising in 2005; by 2008, it had opened 23 restaurants, with ten being franchised.[3] In 2009, Mang Inasal expanded to over a hundred branches.[2]
In October 2010, 70% of Mang Inasal was acquired by Jollibee Foods Corporation (JFC), for ₱3 billion ($68.8 million).[4] JFC acquired in April 2016 the remaining 30% previously belonging to Injap Investment owned by Inasal's founder, folding the roasted chicken and barbecue business into its operations and portfolio. The Sia family remains involved in the business with Ferdinand Sia as its COO.[5]
References
- ^ "About Us" Archived March 28, 2014, at the Wayback Machine. Mang Inasal.com. Retrieved on March 28, 2014.
- ^ a b c Parsad, Rhea (February 19, 2018). "This Is How PH's Youngest Billionare [sic] Built Filipino Favorite Chain—Mang Inasal". Vulcan Post. Retrieved September 25, 2020.
- ^ "Edgar Sia: The man behind Mang Inasal". The News Today. January 7, 2008. Retrieved February 15, 2009.
- ^ Zinnia B. Dela Peña (October 19, 2010). "Jollibee acquires Mang Inasal for P3B". The Philippine Star. p. B-1.
- ^ Montealegre, Krista Angela (April 22, 2016). "Jollibee buys out Sia from Mang Inasal chain". BusinessWorld. Retrieved April 22, 2016.
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This page was last edited on 19 May 2024, at 04:30