Chooks-to-Go operator gets PCC OK to buy Bistro Group

Antitrust watchdog Philippine Competition Commission (PCC) has given its nod for a holding company behind popular roasted chicken brand Chooks-to-Go to acquire a significant part of The Bistro Group (TBG).

In a statement, the PCC said it cleared the proposed acquisition by Inoza Business Holdings Inc. of a majority stake in TBG Food Holdings Inc.

The watchdog said, after its review, it found “no competition concerns” emerging from the potential impact of the transaction on the nationwide supply of chicken meat, table eggs, pork, and beef to the food service industry, citing the parties’ limited market shares and the availability of sufficient alternative suppliers.

Inoza is a new holding firm formed, affiliated with Progeny Global Holdings Inc. —which has interests in agribusiness, food manufacturing, and limited-service restaurants (LSRs). 

In the Philippines, Progeny operates the Bounty Fresh brand and popular LSR chain brands such as Chooks-to-Go and Uling Roasters.

TBG Holdings, meanwhile, operates full-service restaurants under The Bistro Group —the brand behind Italianni’s, TGI Fridays, and Texas Roadhouse, among others.

The PCC said its approval of the transaction is “expected to support continued competition in the food service and agribusiness sectors, while enabling strategic growth for both Inoza and TBG Holdings.” —LDF, GMA Integrated News