Cory Quirino has given up the Miss World Philippines franchise on Sunday, January 16. During her term as franchise holder, the Philippines won its very first Miss World crown in 2013 (Megan Young) and we almost did it again last December (Catriona Gray).

“I have decided to relinquish the license of Miss World Philippines for both personal and business reasons. Thank you for supporting me all these six years, and for being part of our challenges and victories. I will never forget you,” Quirino was quoted saying.

Right after her announcement on Instagram, Beauty Queen maker Arnold Vegafria also announced on social media that he is the new franchise holder Miss World Philippines.

The renowned talent manager said “I am very happy to have been awarded the exclusive license for the MISS WORLD AND MR. WORLD PAGEANTS IN THE PHILIPPINES. With your support and guidance, I can assure you that we will continue to live up to the prestige and honor that Miss World Organization deserves — not just in the Philippines but across the world,”

I am very happy to have been awarded the exclusive license for the MISS WORLD AND MR. WORLD PAGEANTS IN THE PHILIPPINES. Thank you Julia Morley and Steve Douglas for your trust and confidence! With your support and guidance, I can assure you that we will continue to live up to the prestige and honor that Miss World Organization deserves- not just in the Philippines but across the world. We will forward to discovering and mentoring a new breed of filipina beauties who, just like Miss World 2013 Megan Young, will perpetuate the noble legacy of Miss World Organization's guiding principle ; "Beauty With A Purpose. "

A photo posted by Arnold Vegafria (@arnold_vegafria) on Jan 15, 2017 at 7:21am PST