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Tag: Project Pie

  • Project Pie slices all but one store

    Project Pie slices all but one store

    Project Pie, the pizza outlet that lets customers devise their own toppings, has closed all but one of its stores in the Philippines.

    After “four years of pizza awesomeness”, the US-based pizza chain has announced on social media it will be “graduating” its stores from the Philippine market. However, its Project Pie Block 28 in Alabang will stay open “as our last hoorah”.

    After establishing itself in the US, Project Pie moved into Manila in 2013, allowing diners to order nine-inch customisable pizzas. It expanded to eight branches, both in malls and stand-alone locations.

    Fans said their farewells in the chain’s social-media comments section … “Don’t do this to me,” wrote one fan. “I am speechless,” wrote another. “My number-one favorite pizza left me.”

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  • Shakey’s Philippines sold to investment groups

    Shakey’s Philippines sold to investment groups

    Philippines conglomerate Century Pacific Group has partnered with Singapore’s sovereign investor GIC to buy the parent of Shakey’s Philippines, the pizza restaurant chain.

    The tie-up will acquire majority of of the business from the Prieto family, which will continue to hold a minority stake in International Family Food Services (IFFSI), the owner and operator of the Shakey’s Philippines.

    “We are excited about this opportunity to invest in Shakey’s as we are believers in the potential of the continued growth of the Philippine middle class,” Century Pacific president Christopher Po said in a statement.

    The transaction also includes the acquisition of Philippine franchise for US artisan pizza Project Pie as well as Bakemasters, one of Shakey’s suppliers of bakery products.

    The acquisition of Shakey’s, which had about 170 stores in the Philippines at the end of 2015, is the second partnership between Century Pacific’s controlling Po family and GIC. In May 2014, the Singaporean fund converted a P3.4 billion ($73 million) loan into a 10 per cent stake in Century Pacific Food, the group’s canned goods maker.

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