MANILA -- Max's Group said Wednesday it secured the Securities and Exchange Commission's approval to merge its two units that operate Krispy Kreme and Jamba Juice in the Philippines.
The Real American Doughnut Company will be the surviving entity when it merges with Fresh Healthy Juice Boosters, the restaurant operator told the stock exchange.
"The resulting transaction is aligned with on-going reorganization initiatives to maximize operational synergies across the business and does not adversely impact existing shareholders," Max's said.
Max's earlier merged its Teriyaki Boy and Yellow Cab businesses as part of an ongoing corporate reorganization.
source: news.abs-cbn.com
MANILA - KFC Philippines said Wednesday its products were unaffected by the bird flu outbreak in Pampanga province.
Rival restaurant operators Jollibee, McDonald's, Max's Group and poultry
producers San Miguel Purefoods and Bounty Agro Ventures have made similar assurances to consumers.
"KFC Philippines would like to assure our loyal patrons that our famous line of fried chicken products are neither affected nor threatened by present concerns over avian flu," the company said in a statement.
All tests on KFC Philippines' chicken have turned out negative for the virus, it said.
The government has moved to contain the spread of the virus from the farming town of San Luis, north of the capital, where some 200,000 chickens were slaughtered.
source: news.abs-cbn.com
