Po family eyes acquisition of other food chains
MANILA, Philippines – American pizza chain Shakey’s may expand its presence in the country by acquiring other food chains, some of which have already approached the popular restaurant brand.
“There are other chains that are approaching us. They know that Century has a track record in doing an IPO (initial public offering),” said Ricardo Po, vice chair of Shakey’s Pizza Asia Ventures Inc. (SPAVI)
“There are other brands out there we could look at,” he said, adding that any acquisition should complement Shakey’s existing portfolio.
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