Max's Group to stay private, keep Pancake House brands separate

After acquiring a majority stake in Pancake House Inc. for P3.49 billion, Max's Group of Companies has no plans of going public.

 

At least not yet.

 

The two brands – Max's and Pancake House – will be treated as separate entities, Max's Group  president Robert Trota told reporters in a briefing in Makati City Wednesday.

 

"It was more of a strategic acquisition. We would've bought Pancake House even if it was not listed. We will keep the two groups separate and operate them as they are," he said.

 

However, the head of “the house that fried chicken built” said they will continue to evaluate if going public is the road to take. "We've been a very conservative bunch. We've been here for 70 years. We will see if it's strategic to do," Trota said.

 

On February 26, Max's Group bought 233.16 million shares or 89.95 percent of Pancake House for P3.49 billion. http://www.gmanetwork.com/news/story/350116/economy/companies/max-s-buys-pancake-house-for-p3-49b

 

On top its over 150 stores, Max's Group gained control of Pancake House's more than 300 outlets catering to various Pancake House brands. 

 

The Pancake House brands include Yellow Cab, Le Coeur De France, Maple, Dencio's, Kabisera ng Dencio's, Teriyaki Boy, Sizzlin' Pepper Stake, The Chicken Rice Shop and the flagship brand Pancake House.

 

The Max's Group includes Krispy Kreme and Jamba Juice. – VS, GMA News