Manila, Philippines – Philippine fast-food franchise operator Shakey’s Pizza Asia Ventures (SPAVI) is setting plans to expand its operations in the United States by incorporating a subsidiary in the local market. This was announced in a recent disclosure by SPAVI at the Philippine Stock Exchange (PSEi).
In the disclosure, SPAVI said that the intended principal activities shall include owning and operating stores and franchises, as well as to market Shakey’s Group’s products and brands.
“The incorporated entity will be the Group’s platform in its expansion plans in the territory which will grow systemwide sales, revenues and bottomline internationally via companyowned and franchised stores in the territory,” SPAVI said in a statement.
SPAVI is known for managing and expanding the Shakey’s Pizza brand in the country and across Southeast Asia. Originally founded in the U.S. in 1954, Shakey’s has grown into a family dining restaurant, recognized for its pizza, chicken, and mojos. SPAVI holds the exclusive rights to develop the Shakey’s brand in the Philippines, where it operates hundreds of outlets, and in select international markets.
Apart from Shakey’s Pizza, SPAVI has diversified its portfolio by managing other popular food and beverage brands. It handles Peri-Peri Charcoal Chicken, a fast-casual chain specializing in flame-grilled chicken with various sauces, and R&B Milk Tea, a trendy beverage brand originating from Singapore, known for its milk teas and fruit-based drinks.
