Shakey’s sets aside P500M for expansion
in southern Philippines, Mideast -- official

UNFAZED by the “current trouble” in Marawi City, listed pizza chain Shakey’s Pizza Asia Ventures, Inc. is setting aside almost P500-million for the second half of 2017 for its expansion in the southern Philippines and in “untapped territories” in the Middle East, an official said on Thursday.

“We think there's a lot of runway and opportunity in Visayas and Mindanao regions. If you look at the data, I think altogether, we only had 16 stores in the VisMin out of the total 180,” Shakey’s Chief Executive Officer Vicente Gregorio told reporters following the company’s annual stockholders’ meeting in Pasig City on Thursday.