Max’s to bring Pancake House to Saudi Arabia
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Max’s Group Incorporated (MGI) is to take its Philippine casual-dining chain Pancake House to Saudi Arabia.
In a disclosure to the Philippine Stock Exchange (PSE), MGI says it has partnered with Al-Bader National Establishment for Real-Estate Development to open 12 outlets in Saudi Arabia within the next five years.
MGI president/CEO Robert Trota says the company is targeting 20 to 30 new outlets for this year, mainly across its core brands Max’s Restaurant, Pancake House and Yellow Cab Pizza. It aims to end the year with about 75 to 80 stores abroad.
MGI’s partner in the venture was founded in 2001 and is primarily engaged in real-estate trading, property development and running shopping malls.
Pancake House has seven overseas franchised outlets, in Malaysia and the UAE.
Questions & Answers
Q.Which company will MGI be partnering with to open Pancake House in Saudi Arabia?
Which company will MGI be partnering with to open Pancake House in Saudi Arabia?
MGI has partnered with Al-Bader National Establishment for Real-Estate Development. This company was founded in 2001 and is primarily involved in real-estate trading, property development, and managing shopping malls.
Q.How many new Pancake House outlets are planned for Saudi Arabia, and over what timeframe?
How many new Pancake House outlets are planned for Saudi Arabia, and over what timeframe?
MGI intends to open 12 new Pancake House outlets across Saudi Arabia. This expansion is scheduled to take place within the next five years, according to the disclosure to the Philippine Stock Exchange.
Q.What other countries currently have overseas Pancake House franchised outlets?
What other countries currently have overseas Pancake House franchised outlets?
Pancake House currently operates overseas franchised outlets in two other countries. These locations are Malaysia and the UAE, where the brand already has a presence with seven stores.
Q.How many new outlets is MGI targeting across all its core brands for this year?
How many new outlets is MGI targeting across all its core brands for this year?
MGI president/CEO Robert Trota stated the company is targeting 20 to 30 new outlets for this year. These new stores will mainly be across its core brands, which include Max’s Restaurant, Pancake House, and Yellow Cab Pizza.
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