The Max’s Group of Companies is now the owner of Pancake House Holdings Inc. (PCKH), a publicly listed company in the Philippine Stock Exchange, after Max’s paid PCKH owners close to P3.9 billion, in a transaction described by market analysts as Max’s prelude to backdoor listing.
The Yellow Cab pizza chain is now owned by the Pancake House Group.
Most Filipinos would probably be surprised about the news because a lot of people thought Yellow Cab is an international brand. In reality, though, Yellow Cab is a Philippine pizza chain that merely successfully marketed itself as a New York City-based franchise.
Now, Yellow Cab is a wholly-owned subsidiary of the Pancake House Group (Stock Code: PCKH) after the latter paid the owners of the local pizza company a total of P800 million.