Her friends loved the food she served so much that they decided to buy their own Greenwich franchise. In 1971, Cresida Tueres started Greenwich as a small over-the-counter pizza store in Greenhills. At 42, he’s considered the country’s youngest billionaire. Sia eventually put the sales of Mang Inasal to other investments like banking and healthcare. When Tony Caktiong heard about Sia’s burgeoning business, he decided to buy Mang Inasal for a total of P5 billion. Barbecue.” The first branch was built at a mall parking lot in his home city. In 2003, 26-year old Sia decided to open the barbecue fast food restaurant Mang Inasal-Ilonggo for “Mr. Hailing from Iloilo City, Edgar Sia dropped out of college t o pursue his own laundry and photo-developing business at the age of 19. By knowing the Filipino market, Jollibee managed to excel as a fast food powerhouse. Eventually, the business grew, and he had to hire more employees. With a starting capital of P350,000, the young Caktiong opened two branches in Cubao and Quiapo, together with friends who supported his idea.Ĭaktiong decided to serve hamburgers, fried chicken, and spaghetti to customers when they started looking beyond the usual ice cream. Tony Tan Caktiong used to operate an ice cream parlor, before converting it into a fast food restaurant called Jollibee.
She even designed the company’s logo herself. At 95, she still believes in the time-honored tradition of “hands-on approach” in business. To augment their earnings, she and her husband resorted to selling other items like candles and soaps.Īfter the post-war boom proved profitable for the company, ushering in bigger revenues, the Ramoses opened a nine-story building along Avenida. At that time, Manila was under the control of the Japanese, who imposed censorship on books and periodicals. At the age of 19, she opened National Book Store in Escolta with her husband with a capital of P200, selling books and school supplies to students. Socorro Ramos entered the publishing and retail industry by working as a salesgirl at a bookstore.
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