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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] In November 2024, the Group's third-quarter net income dropped ...
In November 2016, Max's Group Inc. (MGI), owner of the Yellow Cab Pizza brand, signed a development agreement deal with the Qatar-based franchise operator Silver Group to open 22 stores in Kuwait, Bahrain and Oman over the coming five years, beginning in January 2017. The agreement is the seventh overseas franchise contract signed by MGI in 2016.
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Max's Restaurant in Malolos, Bulacan. Max's Restaurant was first established in 1945, shortly after World War II, by Maximo Gimenez, a Stanford-educated teacher.Gimenez befriended the American occupation troops stationed in Quezon City, who regularly paid visits to Maximo's home for drinks; the troops later insisted that they pay for the food and beverages being served, prompting Maximo to ...
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In 2004, Dencio's was purchased by Pancake House, Inc. (now Max's Group, Inc.) for ₱160 million. To buy the chain, almost all that money ( ₱150 million or 93.75% of the price) had to be borrowed from banks.
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