Shakey's expands portfolio with two food chains

The company wants 20 new stores by end-2019.

Shakey’s Pizza Asia Ventures, Inc. (SPAVI) has added two new chains to its restaurant portfolio.

In a disclosure to the Philippine Stock Exchange, the listed operator said it inked a memorandum of agreement to buy the various assets and intellectual property of artisanal pizza brand Project Pie for a nominal amount.

Project Pie was majority-owned by SPAVI’s parent company Century Pacific Group and Singapore’s sovereign wealth fund GIC.

The US-based pizza chain introduced the do-it-yourself pizza concept to the Philippines in 2013.

In 2017, Project Pie closed all of its branches in the country, except for one in Muntinlupa.

SPAVI also announced that it has completed the purchase of Peri-Peri Charcoal Chicken, making them the owner and operator of all company-owned stores. It also now serves as brand-owner and franchisor of those stores being operated by franchisees.

Currently, there are 23 Peri stores in the Philippines. As of last March, SPAVI had 229 stores in the Philippines and three overseas.

The company is set to open seven more stores in the second quarter, as part of plans to have 20 new stores for a total of 248 outlets nationwide by end-2019.

Join QSR Media Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

The range is first accessible via Deliveroo.
QSR Brands is also donating 70,000 limited-edition KFC face masks to frontliners.
Plans are understood to be preliminary.
The brand hopes to find success in the competitive food category.
The new item is available at participating locations through October 18.
The latest move is part of the company’s series of forays to integrate plant-based alternatives.
The company operated 390 Yoshinoya and 189 Dairy Queen restaurants in China as of the end of 2020.
Interstate franchise opportunities will open up once the brand has established its presence in NSW.
The 15-meter traveling kitchen will allow the brand to expand its presence in both existing and new markets without traditional overhead costs.
The South Korean bakery chain will also include a vegetarian menu and vegetarian options for main dishes.