DENVER – A Philippines company — Jollibee Foods Corp. — says it will buy a majority interest in Denver hamburger company Smashburger for $100 million.
The Denver Business Journal reports that Jollibee Foods, or JFC, bought a 40 percent interest in Smashburger Master, the chain’s legal name, back in October 2015 through its through its Bee Good! Inc. subsidiary for an estimated $100 million.
Now it intends to buy another 45 percent interest for another $100 million, company officials said, bringing its ownership stake in Smashburger to 85 percent.
Real estate can be a force for good, and that’s exactly what real estate developer, Brinkman, is trying to do with their recent achievement of B Corp Certification. After over a year of rigorous testing of their social and environmental practices, Brinkman earned certification last week.