Jump to content

Max's Group

From Wikipedia, the free encyclopedia
Max's Group
Company typePublic
PSEMAXS
IndustryRestaurants
Founded1945; 79 years ago (1945)
Headquarters,
Area served
Philippines, United States, United Arab Emirates and Canada
Key people
  • Sharon Fuentebella
    (Chairperson)
  • Robert Trota
    (President and CEO)
RevenueIncrease 7.64 billion (2021)
Increase ₱450.98 million (2021)
Total assetsDecrease ₱14.71 billion (2021)
Total equityIncrease ₱4.45 billion (2021)
Websitewww.maxsgroupinc.com
Footnotes / references
[1]

Max's Group, Inc. (locally [ˈmaksɛs]), formerly the Max's Group of Companies, is a restaurant company in the Philippines.

History

[edit]

The Max's Group foundation is linked to the establishment of Max's of Manila in 1945 by couple Maximo Jimenez and Ruby Trota in their home serving primarily to American soldiers. which would become the first outlet of the core restaurant brand of the Max's Group. For years up to around 50 branches were run by family members until Max's restaurant became open for franchising. The first franchised outlet opened in 1997 at the Harrison Plaza in Manila.[2]

The Max's Group started acquiring rights to become the master franchise of foreign brands in the Philippines in 2006, first introducing Krispy Kreme in the country that year. The group also later introduced Jamba Juice.[2]

In 2014, the Max's Group entered the Philippine Stock Exchange through a backdoor listing through Pancake House Inc. gaining control of the latter's brands which include the Pancake House, Teriyaki Boy and Yellow Cab Pizza.[2]

To aid its domestic and international operations, the Max's Group began to acquire Singaporean management firm Global Mac Services in 2015.[3]

The group in May 2018 announced its plan for a further shift to the franchising model within the next five years in a bid to boost the company's growth. At that time 69 of the Max's Group shares are owned by the company while the rest are largely owned by its franchise stores.[4]

Brands

[edit]

See also

[edit]

References

[edit]
  1. ^ PSE Disclosure Form 17-1 - Annual Report. edge.pse.com.ph (Report). 19 April 2022. Retrieved 4 January 2023.
  2. ^ a b c Arceo-Dumlao, Tina (2017). "Founders' spirit lives on in Max's Group". Philippine Daily Inquirer. Retrieved 7 May 2019.
  3. ^ "Max's Group acquires Singapore mgm't firm". The Philippine Star. 23 January 2015. Retrieved 7 May 2019.
  4. ^ Cabuag, VG (9 May 2018). "Max's Group turns to franchising for growth". BusinessMirror. Retrieved 7 May 2019.