Greenwich Pizza
From Wikipedia, the free encyclopedia
| Greenwich Pizza Corporation | |
|---|---|
 |
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| Type | Subsidiary of Jollibee Foods Corporation |
| Founded | San Juan City, Philippines (1971) |
| Headquarters | Pasig City, Philippines |
| Key people | Cresida Tueres, Founder Tony Tan Caktiong, Chairman |
| Industry | Restaurants |
| Products | Pizza Fast food |
| Revenue | P4 billion PHP ▲ (2007) |
| Net income | P3 billion PHP ▲ (2007) |
| Employees | unknown homepage = Greenwich Pizza |
Greenwich Pizza is the largest pizza chain in the Philippines.
Greenwich started as an over-the-counter pizza store in the Greenhills Commercial Center in Metro Manila in 1971. In 1994, Jollibee Foods Corporation obtained a deal acquiring 80% of Greenwich shareholding.[1] Then in 2006 Jollibee Foods Corp. bought out the remaining shares of its partners in Greenwich Pizza Corp., equivalent to a 20% stake, for P384 million in cash. The new company was called Greenwich Pizza Corporation, and the franchise experienced rapid expansion. From 50 stores in 1994, as of 2005 there are over 240 stores and an annual revenue of over P4 billion .[2]
[edit] Related links
[edit] References
- ^ Ordinario, Cai U.. "Jollibee Foods buys out partner in Greenwich Pizza", BUSINESS, The Manila Times Internet Edition, 2006-01-18. Retrieved on 2007-03-12. (English)
- ^ Greenwich, Greenwich History
