Gregorio Araneta III’s ₱1.8 billion management takeover of gaming firm PhilWeb Corp. will be undertaken in two tranches, effectively moving back the requirement for mandatory tender offer to minority shareholders. PhilWeb disclosed to the Philippine Stock Exchange that principal shareholder...
In a management takeover, President Marcos’ brother-in-law, Gregorio Araneta III, is divesting his entire 57 percent stake in the publicly listed gaming firm PhilWeb Corp. for ₱1.8 billion in favor of two firms, one of which is headed by PhilWeb’s President, Edgar Brian K. Ng. PhilWeb...
Shakey’s Pizza Asia Ventures, Inc. subsidiary Potato Corner (PC), a global leader in flavored fries from the Philippines, marked its expansion to Taiwan with the opening of its first Taipei store last month. Since its acquisition in 2022, PC has scaled its presence in key international markets,...
Century Pacific Food Inc. (CNPF), through United States (US)-based subsidiary Century Pacific North America Inc. (CPNA), has acquired the Loma Linda brand from Atlantic Natural Foods Inc. (ANF) to further scale its growing presence in shelf-stable, plant-based nutrition. In a disclosure to the...
Shakey’s Pizza Asia Ventures, Inc., one of the leading chain restaurants and food groups in the Philippines, still expects to post double-digit sales and core profit growth this year despite reporting a lower net income and flattish core earnings for the first half. In a disclosure to the...
Po family-led restaurant group Shakey’s Pizza Ventures Inc. (SPAVI) is expanding its Potato Corner kiosk business to Taiwan and Laos, tapping into the more substantial growth potential in the overseas market, particularly in Asia. “These are two exciting markets that we believe would have some...
Just four months after the takeover of Camp John Hay, Landco Lifestyle Ventures (LLV) boldly reintroduces one of Baguio’s iconic heritage destinations. Now fitted with modern amenities and updated attractions, LLV’s latest hospitality and leisure development project stands true to its...
The Department of the Interior and Local Government (DILG) has thrown its support behind the Tour of Luzon which returns after years of hiatus starting on Thursday, April 24, in Paoay, Ilocos Norte. “The revival of this very popular cycling event in the country can foster sports...
Araneta-led gaming firm PhilWeb Corp. reported that its losses ballooned to ₱599.2 million last year, 734-percent higher than the ₱71.7-million loss incurred in 2023, mainly due to one-time costs. In a disclosure to the Philippine Stock Exchange, the gaming company said the loss is attributed...
SPAVI President Vicente Gregorio Po family-led restaurant group Shakey’s Pizza Asia Ventures Inc. (SPAVI) expects to allot at least ₱1 billion for capital expenditures (capex) this year, as it aims to open an average of one store a day and beef up its presence in Visayas and Mindanao. In...
Po family-led restaurant group Shakey’s Pizza Ventures Inc. (SPAVI) aims to continue expanding, particularly outside of Luzon, even as the industry is still in the process of recovering from the impact of the pandemic on consumer preferences. According to SPAVI President Vicente Gregorio, they...
OFF THE BEATEN PATH (Off the Beaten Path takes a short break this week to give way to Marivic Larrazabal, as she talks about influencers and what could be an influencer-driven elections.) The 2025 elections will be fought on your feed. Can you tell who’s telling the truth? The 2025...
