Shakey's Pizza Asia Ventures, Inc. Restarts Its Store Network Expansion Plans, with the Opening of 8 Net New Stores
May 11, 2021 at 11:22 pm EDT
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Shakey's Pizza Asia Ventures, Inc. restarted its store network expansion plans, with the opening of 8 net new stores during the first three months of the year, putting it on track to hit its 30 net new store target, which excludes ghost kitchens or delivery support. These new branches will follow a smaller format and will be geared to service both in-store and out-of-store consumption in response to guests' emerging needs for fast, convenient, and safe dining experiences. To further strengthen the company's expansion plans post-COVID, PIZZA is set to welcome JE Holdings the private investment company of the Gokongweis, one of the Philippines' most prominent business families to its list of shareholders.
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.
SHAKEY'S PIZZA ASIA VENTURES, INC. 
