Tag: Shakey’s

Shakey’s to add 20 new stores in PHL this year

 

SHAKEY’S Pizza Asia Ventures Inc. (Spavi), the owner of the Shakey’s Pizza brand in the Philippines and in select parts of Asia and Australia, said it will add some 20 stores in the country this year after exceeding its expansion last year.

The company said in a statement it opened a total of 24 branches last year, or four more than the 20 branches it planned to open.

Meeting the 2018 target will bring its total Philippine store network to 228 at the end of this year, the company said.

“It has been a banner year for Shakey’s—our maiden year as a publicly listed company—as this is the fastest we’ve grown in terms of store network,” Shakey’s President Vicente Gregorio was quoted in a statement as saying. “We will continue to take advantage of the positive consumer sentiment in the Philippines, and hope to open even more stores, including those outside the typical first tier cities.”

Last year Spavi opened Shakey’s Pizza stores in provincial locations, including Iligan, Puerto Princesa, Antique, Gapan and Palo, Leyte, following the growing urbanization trend in these areas.

The company has also started to roll out redesigned interiors for its newer branches, which will take the American family casual dining concept to another level.

Spavi, which has been assigned a stock name Pizza at the stock exchange, recently reported that recurring net income for the first nine months of 2017 grew by 15 percent versus the comparable period last year. System-wide sales rose by 15 percent, as well, driven by same store-sales growth of 6 percent and an expanding local store network.

Apart from the Philippines, Spavi also owns the perpetual rights to the Shakey’s brand for the Middle East, Asia (excluding Japan and Malaysia), China, Australia and Oceania.

*This article is copied form the story published by BusinessMirror and is available online at https://businessmirror.com.ph/shakeys-to-add-20-new-stores-in-phl-this-year/.

Celebrating Shakey’s 200th store milestone

MAGIC, music, cheerdancing, and fun marked the grand opening of the 200th Shakey’s restaurant at Paseo de Magallanes in Makati City.

The new restaurant features new elements that will soon be fixtures in all Shakey’s restaurants across the country, including spacious dining halls, a Fun Zone, a piano that takes back to the early years of Shakey’s where music identified with the brand; and a dessert bar.

The grand opening was highlighted by the ceremonial cutting of a giant Shakey’s pizza, by Century Pacific Group founder Ricardo Po, Sr., Shakey’s Pizza Asia Ventures Inc. (SPAVI) vice chair Ricardo Po, and president and CEO Vicente L. Gregorio with Shakey’s endorser Luis Manzano.

“This store is a product of hard work and many hours thinking about how we can make the Shakey’s experience even more wow,” said Gregorio. “We wanted this branch to standout without losing the Shakey’s trademark design.”

The newest Paseo de Magallanes branch definitely achieved the goal. New elements that are never seen before in other stores were added to wow customers even more. The piano was there, as well as an array of cakes in the dessert bar to complete the menu. The staff had new, distinct uniforms to signify Shakey’s commitment to innovation.

With the opening of the Shakey’s 200th store, diners are guaranteed their wow moments as they enjoy great times and create great memories.

*This article is copied from Malaya Business Insight as published in the newspaper, Sept. 28, page B7 and is available online at http://malaya.com.ph/business-news/living/celebrating-shakey%E2%80%99s-200th-store-milestone

Shakey’s shakin’ up good times with opening of 200th store

MISS TECH By Kathy Moran (The Philippine Star) | Updated August 21, 2017 – 12:00am

Shakey’s is a restaurant I grew up eating at when I was in high school. I remember attending quite a few birthday celebrations of my barkada at Shakey’s Greenhills in the ‘80s.

Since we were high school kids we had a budget so the most popular meal we would order would be Bunch of Lunch, which had pizza, salad, chicken and spaghetti on one plate and I would pair mine with draft root beer. My other friends would order the ever-famous thin-crust pizza — Meat Lovers was a fave — and, after all these years, these two dishes are still part of the Shakey’s menu.

“It is great to have finally reached our 200th store,” said Shakey’s Pizza Asia Ventures Inc. (SPAVI) president Vicente L. Gregorio at the opening of the store in Paseo de Magallanes recently. “To make this milestone even more special, today is the first time we are launching this very new store design.”

Gregorio added that, “This is a good way to show everybody that despite being 42 years old, Shakey’s is still very robust and very relevant today.”

Shakey’s wants to bring its dining experience to a new level of “wow,” as this is the mantra behind the 200th Shakey’s.

The 200th Shakey’s branch takes casual dining up a notch with new elements like the piano, fun zone, and a more family-friendly ambiance.

“Our goal has always been to create wow moments with each and every one of our customers,” added Gregorio. “But, with the opening of our 200th store, which we believe is a major milestone, we came up with different ideas to even make the Shakey’s experience so much more memorable for our guests. Our 200th store is more than just a new Shakey’s branch — it is a sign that the brand continues to lead and blaze a trail in the industry.”

The 200th store takes the wow concept in family casual dining up a notch by adding new elements never before seen in other branches. This includes a piano as an ode to the early years of Shakey’s, when music became an integral part of the brand.

“Music is a universal language that creates energy and fun, so the 200th store is going back to the original Shakey’s setup,” Gregorio shares. “An array of cakes in the dessert bar is also offered to complete the menu. And new uniforms for the staff are seen to mark Shakey’s commitment to continuous innovation.”

For over 40 years, Shakey’s has stayed on track with these words in mind: fun, family, and pizza. This is evident in all corners of the 200th store, where one is sure to have a fair share of wow moments, from its friendly staff to its warm, inviting, well thought-out interiors, to its spacious dining halls and Fun Zone — an arcade area where friends and family can bond while they play. There’s also a bar with a wide selection of beverages that customers can enjoy as they watch a game on the wide screens, and of course, the well-known Shakey’s thin-crust pizzas made to share with family and friends.

“We are very consumer-focused,” Gregorio says. “We’re committed to wowing our guests, and we believe that consumers deserve more. We took it as our mission to provide them only the best in terms of product, quality, ambiance, and service.”

Shakey’s is blazing a trail in the industry with more stores opening not only around the Philippines but also abroad, specifically in Kuwait and Dubai in the coming months. Shakey’s’ expansion gained momentum in 2016 when Century Pacific Group Inc. acquired the controlling stake for the pizza parlor chain in the Philippines. During the event, it was announced that over the next five years, the company plans to grow the number of Shakey’s stores in the Philippines and abroad to 500.

“It will be a busy year for us moving forward and this is once again in line with our vision of becoming stronger and better as a brand,” Gregorio declares. “In being one of the oldest brands in the country we are still at our best — we are even getting better. We are the number-one pizza chain in the country in terms of revenues.”

* * *

For information, visit https://www.shakeyspizza.ph/index.asp, and follow Shakey’s onFacebook and Instagram.

**This article was first published by The Philippine Star on their website, August 21, 2017 and was also published in the newspaper on page E4.

Shakey’s explores overseas expansion

By Catherine Talavera (The Philippine Star) | Updated August 19, 2017 – 12:00am

MANILA, Philippines – Shakey’s Pizza Asia Ventures Inc. (SPAVI) is exploring opportunities in the Asia Pacific region as it continues to receive inquiries from overseas investors.

“There’s a couple of new markets in the works. But still exploratory,” SPAVI president Vicente Gregorio told reporters during Shakey’s 200th store opening at Paseo de Magallanes in Makati City Wednesday.

“We want to be careful in expanding international. The priority is to identify the right market and the right partner,” Gregorio added.

Gregorio said the company is set to open one store in Kuwait by December this year. This forms part of an agreement the company signed with a Middle Eastern partner to open 10 stores over a period of seven years.

Last month, the company signed a deal with Dubai-based firm Aljeel Capital to open at least 10 stores in the United Arab Emirates in the next five years.

“There’s been a lot of inquiries and we’re excited with the interest, which is why immediately we got two prime markets signed up, which are Kuwait and Dubai,”Gregorio said.

While the brand is known to Filipinos, the menu and concept of Shakey’s is Western, which gives it an advantage to cater to a wider market range, Gregorio said.

Gregorio said the company would continue to expand its presence outside Metro Manila.

“We’re definitely excited about the potential outside Metro Manila. There’s a huge runway for the Visayas and Mindanao and northern Luzon,” Gregorio said.

Gregorio said the company continues to receive franchise applications for areas outside of Metro Manila that are not even in its radar.

**This article is first published in the Philippine Star website, August 19, 2017. http://www.philstar.com/business/2017/08/19/1730429/shakeys-explores-overseas-expansion

Shakey’s eyes 500-store network in five years

The country’s leading pizza parlor chain, Shakey’s Pizza Asia Ventures Inc. (SPAVI), plans to grow its footprint to reach a network of 500 local and overseas restaurants in the next five years.

After opening recently its 200th store in the Philippines at Paseo de Magallanes in Makati, SPAVI is debuting in the Middle East with the opening of a new store in Kuwait and Dubai next month.

“In the mid 1980s, there were 21 stores and all the while, I thought, Shakey’s could have 100 stores. After a while, it got to 150. Now we’re on our 200th store and I’m very proud to tell you that the operations and business development team is looking at 300 stores and we’ll probably end with more than that,” SPAVI president Vicente Gregorio said during the 200th store opening ceremony on Wednesday.
Ricardo Gabriel Po, SPAVI vice chair, said the 300-store goal could be achieved in three years, adding that the network could further be scaled up to 500 stores in five years, including those that will be opened overseas.

While Shakey’s is an American brand, SPAVI is completely independent from its US “mother” after earlier acquiring the trademark and the intellectual property rights. It does not pay royalty or licensing fees to the US company, resulting in good margins.

Apart from the Philippines, SPAVI owns perpetual rights to use the Shakey’s brand in the Middle East, Asia (excluding Japan and Malaysia), China, India, Australia and New Zealand.

Established in California in 1954, Shakey’s operations in the Philippines are now bigger than in the US. The Philippine market is also Shakey’s biggest market in the world.

The expansion program in the next three to five years could be funded by internally generated cash and proceeds from SPAVI’s public offering, Po said.

Each new store costs P15 million to P25 million to put up, Gregorio estimated.

This year, SPAVI expects to open at least 20 new stores. Gregorio said SPAVI would like to open more stores in the provinces but would still take advantage of expansion opportunities in Metro Manila.

*This article is copied from the Philippine Daily Inquirer and can be found online at http://business.inquirer.net/235310/shakeys-eyes-500-store-network-five-years#ixzz4q4ggr497

Shakey’s opens 200th store

Antonio Delos Reyes, August 17, 2017, Malaya Business Insight

SHAKEY’S has been a part of Filipinos’ dining history for several decades now. From its first store which opened in the early ‘70s, the restaurant has gone through countless evolutions as it adapts to the changing tastes of its diners.

For its 200th store, Shakey’s has gone back to its roots, creating a restaurant that brings back the classic Shakey’s look with modern upgrades. The new store will serve as the template for future branches in the Philippines and abroad.

“Our goal has always been to create wow moments with each and every one of our customers. But with the opening of our 200th store, which we believe is a major milestone, we came up with different ideas to even make the Shakey’s experience so much more memorable for our guests,” said Shakey’s president Vicente L. Gregorio. “Our 200th store is more than just a new Shakey’s branch – it is a sign that the brand, despite being 42 years old, is very strong and relevant and we continue to lead and blaze a trail in the industry.”

The 200th store takes the wow concept in family casual dining up a notch by adding new elementsnever before seen in other branches. This includes a piano as an ode to the early years of Shakey’s, where music became an integral part of the brand. “Music is a universal language that creates energy and fun, so the 200th store is going back to the original Shakey’s set-up,” Gregorio shared. “An array of cakes in the dessert bar is also offered to complete the menu. And new uniforms for the staff are seen to mark Shakey’s commitment to continuous innovation.”

For over 40 years, Shakey’s stayed on track with these words in mind: fun, family, and pizza. This is evident in all corners of the 200th store, where one is sure to have a fair share of wow moments, from its friendly staff and its well thought out interiors that give a warm and inviting atmosphere, to its spacious dining halls and Fun Zone – an arcade area where friends and family can bond while they play. There’s also a bar with a wide selection of beverages that customers can enjoy as they watch a game on the wide screens, and of course, the well-known Shakey’s thin-crust pizzas made to share with family and friends.

“We are very consumer-focused. We’re committed to wowing our guests, and we believe that consumers deserve more,” said Gregorio. “We took it as our mission to provide them only the best in terms of product, quality, ambiance, and service.”

And indeed, Shakey’s is blazing a trail in the industry with more stores opening not only around the Philippines but also abroad, specifically in Kuwait and Dubai, in the coming months. “It will be a busy year for us moving forward and this is once again in line with our vision of becoming stronger and better as a brand,” noted Gregorio.

*This article is copied from Malaya Business Insight and can be found online at http://www.malaya.com.ph/business-news/living/shakey%E2%80%99s-opens-200th-store

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