The Po family is consolidating its business empire, using their holding company, Zephryn Holdings Inc., to acquire a controlling 45.7 percent stake in investment arm Century Pacific Group Inc. In a disclosure to the Philippine Stock Exchange, CPGI subsidiaries Century Pacific Food Inc. and...
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,...
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...
Shakey’s Pizza Asia Ventures Inc. (SPAVI) is making a bigger push to expand its operations in the United States (US), although this will be spearheaded by its snack brand Potato Corner instead of its flagship pizza restaurants. In a disclosure to the Philippine Stock Exchange (PSE), the firm said...
Globe Business, Globe Telecom Inc.’s information and communication technology unit, has partnered with food service group Shakey’s Pizza Asia Ventures Inc. (SPAVI) to upgrade its order management system, further improving operational efficiency. Globe Business said in a statement that it will...
Restaurant and food service group Shakey’s Pizza Asia Ventures, Inc. (SPAVI) reported a decline in net income to P250 million in the third quarter of 2024, from P256.8 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the company stated that this...
The Po family’s chain restaurant and food service group Shakey's Pizza Asia Ventures Inc. is gearing up to expand in the United States by setting up a wholly-owned subsidiary. In a disclosure to the Philippine Stock Exchange, the firm said its board of directors had approved the incorporation of...
Po family-controlled chain restaurant and food service group Shakey’s Pizza Asia Ventures, Inc. (SPAVI) dropped 13.9 percent to P421 million in the first half of 2024 from the P489 million generated in the same period last year as costs surged. Amid a soft consumer environment, the Group said it...
Shakey’s Pizza Asia Ventures Inc., the Po family’s holding company for its restaurant businesses, still expects to grow its revenues and net income by “mid-teens” despite challenges posed by the higher interest and high inflation environment. Shakey’s President Vicente Gregorio During the...
Chain restaurant and food service firm Shakey’s Pizza Asia Ventures, Inc. (SPAVI) reported a 15 percent drop in net income year-on-year to P171 million due to driven by higher operating expenses due to investments in the organization and in sales generating activities. In a disclosure to...
Shakey’s Pizza Asia Ventures Inc. (SPAVI), one of the country’s leading food service groups, reported a 23 percent improvement in net income to P1.08 billion last year from the P874 million posted in 2022. In a disclosure to the Philippine Stock Exchange (PSE), the firm said that despite the...
