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Shakey's earnings swing to positive, still 'cautious' over Delta

With dine-in prohibited again due to COVID-19, Shakey's expects the impact to be 'partially cushioned' by its delivery services ....

Vicente Gregorio , Earnings Reports , Fast Food Restaurants , விசென்ட் க்ரிகாரியோ ,

Gokongweis invest P1.25 B for a board seat in local Shakey's chain


Published May 12, 2021, 4:22 PM
The Gokongwei Group, through private investment firm JE Holdings, is infusing P1.25 billion into Shakey’s Pizza Asia Ventures Inc. (PIZZA) as a new strategic investor of the Po family-controlled food chain.
In a disclosure to the Philippine Stock Exchange, Shakey’s said that, beginning June of this year, JE Holdings will join the Po family’s private holding company Century Pacific Group and the sovereign wealth fund of Singapore as a top shareholder of the Company. 
JE Holdings is investing the P1.25 billion to acquire newly-issued shares, resulting in an approximately 9 percent ownership stake in PIZZA. ....

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Gokongwei firm to invest P1.25 billion in Shakey's


Gokongwei firm to invest P1.25 billion in Shakey s
May 12, 2021 2:35 PM PHT
Lance Gokongwei-led JE Holdings is acquiring P1.25 billion worth of newly issued shares of Shakey s Pizza Asia Ventures Incorporated, for a 9% ownership slice of the pizza company.
The investment is equivalent to a purchase price of P8.20 per share – 14.6% higher than the latest 45-day volume weighted average.
Gokongwei is also up for election as a member of the Shakey s board in July.
We believe that we are in a relatively good position financially and, with the added benefit of a new strategic investor, we plan to make the most of both the fresh round of capital and the various synergies that come along with partnering with the Gokongwei group of companies, said Shakey s president and chief executive officer Vicente Gregorio in a statement on Wednesday, May 12. ....

Vicente Gregorio , விசென்ட் க்ரிகாரியோ ,

Shakey's suffers P247-M loss in 2020 – Manila Bulletin


Published April 6, 2021, 5:30 AM
Shakey’s Pizza Asia Ventures Inc. reported a P247 million net loss for 2020 a 129 percent drop and reversal from profits of P865 million earned in 2019.
In a disclosure to the Philippine Stock Exchange, Shakey’s President Vicente Gregorio said “2020 was obviously a one-of-a kind year amidst the COVID-19 pandemic and the restaurant industry was one of the hardest hit.”
He added that, “Nonetheless, despite our net loss for the year, we’ve managed to pull through with positive cash flows, improved cost structures, and greater ability to address off-premise demand thanks to the gallant efforts of our team and the numerous business innovations we’ve been put into place.” ....

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