Pizza chain operator Shakey’s Pizza Asia Ventures Inc. plans to roll out 20 new stores in 2019 to bring its total network to 248 stores.
“We continue to see consumer spending fueling the Philippine economy, which is still one of Southeast Asia’s fastest-growing markets,” said Shakey’s president and chief executive Vicente Gregorio.
“This, alongside our strong brand equity and industry-leading margins, supports our drive to open more stores across the country this year and in the years ahead,” he said.
Shakey’s also opened 20 new stores in 2018, bulk of which were opened outside the National Capital Region, in line with the company’s strategy to pursue growth outside first-tier cities.
Seventy-five percent of the newly opened stores were also franchised.
“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 Gregorio.