Shakey's to open 20 more stores this year


Posted at Jan 09 2019 01:45 PM


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MANILA - Shakey's Pizza Ventures Asia Inc on Wednesday said it planned to open 20 new stores this year, the same number as in 2018, to tap demand in cities outside Metro Manila.

This will bring it's local network to 248 stores, the operator of Shakey's restaurants said in a disclosure to the stock exchange. 

Almost 80 percent of the new stores which opened last year were outside the National Capital Region. Seventy-five percent were franchised, it said.

"We are focused on expanding outside Metro Manila where we see great potential in terms of demand for the premium yet affordable dining experience we provide," said Shakey’s president and CEO Vicente Gregorio. 

Consumer spending, which fuels the Philippine economy, is supporting the company's drive to open more stores, he said.