Hungry for faster growth: Po family ready for acquisitions
The family of tycoon Ricardo Po has big plans for Shakey’s Pizza Asia Ventures Inc.
Philippine Star columnist Victor Agustin reported that SPAVI sought the approval of the Securities and Exchange Commission to amend its articles of incorporation to include running other restaurant brands as it set its sights on acquisitions.
Apart from this, SPAVI is is bringing in Summit Media president Lisa Gokongwei-Cheng and Frances Yu, a marketing executive from Rustan’s and Shopwise, as independent director
SPAVI is branching out beyond its traditional stable of products to boost revenue.