Shakey’s Pizza Asia Ventures Inc. (SPAVI) or PIZZA, is the market leader in chained pizza full service restaurant, chained full service restaurant, and chained kiosks with 69.2%, 23.6%, and 14.4% market shares, respectively, based on 2024 and 2023 data from Euromonitor. In 1975, it first opened in the Philippines where it currently maintains market leadership in both the full service and pizza chain categories.
PIZZA is now a multi-brand portfolio comprised of WOW! Brands – Shakey’s, Potato Corner, Peri-Peri Charcoal Chicken & other brands. The company has successfully positioned itself as a dominant player in the casual dining segment through strategic expansion and brand management. With its diverse portfolio, PIZZA addresses multiple customer preferences and market segments throughout the Philippines.
PIZZA owns the Shakey’s trademark across most of Asia, the Middle East, Australia and Oceania. PIZZA, through subsidiary Shakey’s Pizza Regional Foods Limited, recently signed an area development agreement with Aljeel Capital LLC, a Dubai-based group, to build at least 10 Shakey’s Pizza outlets in the United Arab Emirates (UAE) over a span of 5 years. In December 2016, PIZZA signed an agreement to open at least 10 Shakey’s stores in Kuwait. These international developments showcase the company’s commitment to expanding its footprint beyond Philippine borders.
Shakey’s Pizza Asia Ventures Inc. is listed on the Philippine Stock Exchange’s (PSE) main board with the stock symbol PIZZA. The common shares were listed on December 15, 2016. The company maintains transparent relationships with shareholders and investors through regular financial disclosures and engagement initiatives.
PIZZA enters into long-term leases for the properties wherein all its Company-owned stores are constructed while its franchisees have either independent lease agreements for their franchise stores or may own land on which the store is constructed. The company’s lease agreements with its lessors are typically for a term of 10-15 years, renewable upon mutual agreement of the parties. This flexible real estate strategy supports both company-operated and franchise store expansion.
The company continues to invest in growth initiatives while maintaining operational efficiency. Through its commitment to brand excellence and customer satisfaction, Shakey’s Pizza Asia Ventures has established itself as a cornerstone of the Philippine casual dining industry.
Shakey’s Pizza Asia Ventures Inc. (PSE: PIZZA), the company that owns popular food brands like Shakey’s Pizza and Potato Corner, has shared its financial performance
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