Rick Bayless

Filipino fast-food company to take 47 percent stake in Rick Bayless' Tortas Frontera

Filipino fast-food company to take 47 percent stake in Rick Bayless' Tortas Frontera

Chef Rick Bayless has found a partner in the Philippines to help grow his fast-casual chain Tortas Frontera in the United States.

Jollibee Foods Corp., a fast-food company based in the Philippines, announced Friday a $12.4 million investment in Tortas Frontera, the fast-casual chain started by Bayless. The investment gives Jollibee, through its U.S. subsidiary, a 47 percent stake in Tortas Frontera, according to the company’s regulatory filing. Bayless and other shareholders will retain the remaining 53 percent ownership stake.

Jollibee, a publicly traded company on the Philippine Stock Exchange, and Bayless together will “build a significant business in the large and...

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