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MANILA, Philippines – Homegrown food chain owner Pancake House, Inc. plans to further expand its international network of casual dining restaurants.
At the end of 2013, Pancake House aims to have 350 stores, of which 20 are overseas. It currently has a network of about 300 stores.
“We’re surely and steadily growing in Middle East for Yellow Cab mostly, South East Asia for Pancake House,” company chairman and CEO Martin P. Lorenzo told reporters after the company’s stockholders meeting on Friday, June 28.
Flagship restaurant Pancake House and New York-style pizza chain Yellow Cab are the group’s most profitable brands.
“The investment we made in our international franchising team is paying off. We are exploring more and working with the areas in UAE to grow the stores set to open in those cities,” Lorenzo said.
Lorenzo said that agreements have been made for Yellow Cab to open 15 stores in UAE by 2016, particularly in Doha and Abu Dhabi.
He added that Yellow Cab will also be arriving in Singapore by year’s end.
Popular family restaurant Pancake House will also soon open branches in Brunei and Kuwait.
“We have expanded our franchises in Brunei for Pancake House. We recently signed a franchise agreement in Kuwait for Pancake House,” Lorenzo said.
The Pancake House Group currently has 6 Yellow Cab stores in Qatar and 6 Pancake House stores in Malaysia.
Pancake House, Inc. is the parent company of restaurant brands such as Pancake House, Yellow Cab, Teryaki Boy, Sizzlin’ Pepper Steak, Dencio’s, Kabisera, Le Coeur de France, and The Chicken Rice Shop. – Rappler.com