On November 13, 2024, A. Soriano Corporation (Anscor) signed a Deed of Sale with Navegar I (Singapore) PTE. LTD., acquiring a minority stake in TBG Food Holdings, Inc. (“TBG”) for a total consideration of PHP 1,609,300,000.00.
TBG, also known as The Bistro Group, operates premium casual dining restaurants in the Philippines. It owns and manages 200 full-service restaurants across 23 brands, including iconic names such as Italianni’s, TGI Friday’s, and Texas Roadhouse.
This investment expands Anscor’s portfolio in the consumer sector, one of the most attractive and resilient market segments in the Philippines.