Balai ni Fruitas Inc., a leading Philippine counter service bakery operator owned by businessman Lester Yu has expanded its portfolio with the acquisition of a cake shop Sugarhouse.
Balai ni Fruitas said Thursday in a disclosure to the stock exchange it signed an agreement to acquire the 40-year-old legacy brand and various assets related to the Sugarhouse. It did not disclose the value of the acquisition.
Sugarhouse, which started in 1983...
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