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Swift Foods to go into franchising

Poultry supplier says board approved entrance into franchising and retail trade businesses
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Listed poultry supplier Swift Foods will be entering the franchising business and retail trade. [Read five must-haves in franchising here]

Swift told the Philippine Stock Exchange that its board approved the amendment of its primary purpose.

The company was incorporated in 1994  to assume RFM\\\'s business of producing and selling poultry products, canned meat products and commercial feeds.

Swift also told the PSE that the board\\\'s resolution will be presented for stockholders ratification on July 29 during its annual stockholder\\\'s meeting.

No other details were included.

Meanwhile, Swift also disclosed that it suffered P16-million worth of losses owing to typhoon "Basyang", consisting of "mortalities of livestock, and destruction of structures." [See tips on helping your employees after a typhoon here]

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