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In a disclosure to the Philippine Stock Exchange, the firm said this confidence is rooted in the initiatives implemented since the pandemic and subsequent community quarantines hit the country last year.
“Standing with all Filipinos, we hope and pray that our country is able to avoid the resurgence of the COVID-19 outbreak that is now gravely affecting some of our regional neighbors,” said Fruitas President and Chief Executive Officer Lester Yu.
Fruitas Holdings President and CEO Lester Yu
He added that, “We have an obligation to keep our employees safely working so they can provide for their families. We are committed to continue to bring our products to our customers in the safest and most convenient way possible.”
Fruitas opens more stores, nears target count
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Fruitas incurs P16-M loss in trying times
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May 28, 2021 | 12:07 am
BALAI Pandesal will house Fruitas’ existing food and beverage product lines. FACEBOOK.COM/BALAI-PANDESAL
FRUITAS Holdings, Inc. has forged an agreement with Balai Pandesal Corp. that will allow a subsidiary of the listed operator of food and beverage kiosks to acquire the bakery’s trademark, recipes, and some of its equipment and inventory, among others.
“We are excited about the prospects for Balai as pandesal is another Filipino daily diet staple that we want to supply and increase our market penetration,” Fruitas President and Chief Executive Officer Lester C. Yu said in a statement on Thursday.
Balai Pandesal launched its first store in 2012, offering a selection of baked goods from bread products, cakes, to bread spreads, as well as ice cream and