PHILIPPINES: San Miguel mulls proposals to invest in online catering B2B venture
Filipino food and beverage giant San Miguel Corp is believed to be mulling the possibility of an investment in Catering Exchange, the online B2B venture controlled by the family of tycoon Lucio Tan. Speculation was raised on Wednesday (27 September) when Tan told the national newspaper, the Philippine Daily Inquirer, that Manila-based San Miguel was interested in becoming an active investor.In a disclosure to the stock exchange however, San Miguel, one of the largest companies in the Philippines, was more reticent, stressing that: "The company is still in the process of evaluating an offer to join Catering Exchange Inc. and SourcePilipinas.Com as client or investor. No agreement has been reached."
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 16 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Nestle India grows with global, digital innovation
- Analysis: Tyson's shrewd investment in Beyond Meat
- How Nestle tackles Indian challenges - interview
- Lamb Weston goes it alone: six things to learn
- Thailand: convenience to continue to thrive
- Mars launches Maltesers in the US
- Bel takes majority stake in MOM Group
- Campbell backs US nutrition start-up Habit
- Mondelez focuses on margins as sales slip
- Nestle's Buitoni to remove GMOs
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Omega-3 in Food and Beverage:Time for a Reboot?
- Packaged Food: Quarterly Statement Q3 2016
- Global Food Packaging: Innovating for Greater Convenience and Quality Image
- Meat Processing in China - Industry Market Research Report