Connect with us

Hi, what are you looking for?


Shakey’s says Peri-Peri to open in other cities

PERI-PERI SM City Tuguegarao

PERI-PERI Charcoal Chicken and Sauce Bar Is scaling up its expansion in 2023 after opening new stores in central and north Luzon last year, the listed company behind the casual dining restaurant chain said.

In a press release on Monday, Shakey’s Pizza Asia Ventures, Inc. said by end-2022, Peri-Peri tripled the number of its stores to 68 from 21 outlets in 2019, the year it was acquired by the food service group.

“Peri-Peri has grown significantly over the past 3 years, despite the pandemic. In a short span of time, it has become a strong number 2 player in the category,” Shakey’s President and Chief Executive Officer Vicente L. Gregorio said.

“Given its strong performance in the Metro, we believe it’s high time to expand to new cities and give their local residents a taste of Peri-Peri,” he added.

According to Shakey’s, the restaurant chain’s expansion program kicked into high gear upon entering the second half of 2022.

In the fourth quarter of last year, Peri-Peri opened stores in Baguio City; Tuguegarao, Cagayan; Cabanatuan, Nueva Ecija; and Cauayan, Isabela.

It also built a new store along the North Luzon Expressway Shell of Asia beside its sister pizza brand, Shakey’s.

“The fantastic response to Peri-Peri is greatly encouraging. To us, it means we’re on the right track — expanding the reach of Peri-Peri to provide more guests with unique and memorable experiences,” Mr. Gregorio said.

“We still see more opportunities for Peri-Peri,” he said, adding that the stores in the north “serve as our proof of concept.”

Shakey’s other brands include pizza chain Project Pie, R&B Milk Tea, and Potato Corner.

On Monday, shares in Shakey’s climbed by 15 centavos or 1.89% to P8.08 apiece. — Justine Irish D. Tabile

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!


Editor’s Pick

<?xml encoding=”utf-8″ ??> With the increased threat of industrial strike action looming across the UK, we consider whether a force majeure clause can strike...

Editor’s Pick

<?xml encoding=”utf-8″ ??> TSB’s 5,700 staff and executives are to share a 10% bigger bonus pot this year, after rising interest rates pushed the...

Editor’s Pick

<?xml encoding=”utf-8″ ??> NatWest is to shut another 23 branches in England and Wales, adding to a raft of high street banking closures already...

Editor’s Pick

<?xml encoding=”utf-8″ ??> Shell has put more than 2,000 jobs in the UK at risk after launching a “strategic review” of its domestic energy...

Editor’s Pick

<?xml encoding=”utf-8″ ??> British taxpayers have become shareholders in a further 53 companies backed by a government rescue funding scheme. These firms include a...


REUTERS Smartphones were the most used devices among women last year based on a new survey by the Philippine Statistics Authority (PSA) and the...

You May Also Like


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.