Greenwich Pizza

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Greenwich Pizza Corporation
Type Subsidiary
Industry Restaurants
Founded San Juan City, Philippines (1971)
Headquarters Pasig City, Cebu City, Philippines
Key people Cresida Tueres (founder)
Tony Tan Caktiong (chairman)
Products Italian cuisine
Revenue P4 billion PHP Increase (2007)
Net income P3 billion PHP Increase (2007)
Parent Jollibee Foods Corporation
Website Greenwich Pizza

Greenwich Pizza is a top pizza and pasta chain in the Philippines. Greenwich started as an over-the-counter pizza store in the Greenhills Shopping 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. As of 2011 there are over 330 stores.[2]

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References[edit]

  1. ^ Ordinario, Cai U. (2006-01-18). "Jollibee Foods buys out partner in Greenwich Pizza". BUSINESS (The Manila Times Internet Edition). Archived from the original on 2007-06-21. Retrieved 2007-03-12. 
  2. ^ Greenwich, Greenwich History

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