Shakey’s Pizza Asia Ventures Inc. has set up its first Potato Corner in Taiwan last month.
In a disclosure to the Philippine Stock Exchange, SPAVI said this brings Potato Corner’s store network to 2,345 globally. SPAVI accquired the Potato Corner business in 2022.
“Taiwan marks the 16th overseas market for the global flavored fries brand. Located in Xinyi District’s Uni-President Department Store Taipei, the inaugural PC Taiwan store places the brand at the center of Taipei’s retail and dining scene, positioned near major transit hubs including the MRT and bus terminals,” SPAVI said.
Potato Corner Taiwan also signals the beginning of Potato Corner’s partnership with Taiwan’s Fujin Tree Group.
“Fujin Tree operates 15 distinguished brands, including a Michelin-star restaurant within its globally acclaimed portfolio of franchises,” SPAVI said.
“ We are honored to introduce Potato Corner, a beloved global brand, to Taiwan and we look forward to adding more stores by the end of the year. Our goal is for Potato Corner to become the preferred spot for everyday gatherings and joyful moments,” Jay Wu, founder of Fujin Tree Group, said in a statement.
Vicente Gregorio, SPAVI chief executive officer (CEO) and president, said Potato Corner’s debut in Taipei is a “milestone” for the company.
“What also inspires confidence is PC’s proven track record of collaborating with franchisees across the globe to bring this ambition to life. And with the strong support of our partner Fujin Tree, we look forward to strengthening and scaling our presence in Taiwan,” he said.
The expansion in Taiwan, follows Gregorio’s pronouncement in July of bringing Potato Corner to Taiwan and Laos, as part of SPAVI’s move to expand market. “These are two exciting markets that we believe would have some ability to scale,” he said.
In July, Gregorio said SPAVI was to open 420 stores for SPAVI’s various brands this year, with the company setting capital expenditures at P1 billion.
Gregorio said the company’s international business is proving successful overseas, accounting for 20 percent of revenue, and having presence in 15 markets outside the Philippines.
