JE Holdings, Inc. and Century Pacific Group, Inc. acquired 16.81% stake in Shakey's Pizza Asia Ventures, Inc. from Arran Investment Pte Ltd for approximately PHP 2.7 billion.
October 08, 2023
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JE Holdings, Inc. and Century Pacific Group, Inc. acquired 16.81% stake in Shakey's Pizza Asia Ventures, Inc. (PSE:PIZZA) from Arran Investment Pte Ltd for approximately PHP 2.7 billion on October 9, 2023.
JE Holdings, Inc. and Century Pacific Group, Inc completed the acquisition of 16.81% stake in Shakey's Pizza Asia Ventures, Inc. (PSE:PIZZA) from Arran Investment Pte Ltd on October 9, 2023.
Shakey's Pizza Asia Ventures Inc. is a Philippines-based company, which is engaged in chained pizza full-service restaurant, chained full-service restaurant, and chained kiosks. The Companyâs segments include Restaurant Sales and Franchise and Royalty Fee. The Restaurant sales segment is engaged in restaurant activities and sale of merchandise and equipment to franchisees. The Franchise and royalty fees segment represent payment of sub dealers for the use of the Shakeyâs, Peri-Periâs and Potato Corner brands. The Company operates over 300 stores. Its brands include Shakey's Pizza Parlor, Peri-Peri Chicken Charcoal Chicken and Sauce Bar, Potato Corner, Project Pie, R&B Team, and Bakemaster Inc. Shakey's Pizza Parlor owns and operates Company-owned stores as well as franchise the brand, enabling Company to branch out to second- and third-tier cities. Potato Corner is a kiosk-based food brand. Bakemaster Inc. supplies airline caterers, hotels, restaurants, and sandwich chains.
JE Holdings, Inc. and Century Pacific Group, Inc. acquired 16.81% stake in Shakey's Pizza Asia Ventures, Inc. from Arran Investment Pte Ltd for approximately PHP 2.7 billion.
SHAKEY'S PIZZA ASIA VENTURES, INC. 
