Balai ni Fruitas Inc., a leading Philippine counter service bakery operator owned by businessman Lester Yu has expanded its portfolio with the acquisition of a cake shop Sugarhouse.
Balai ni Fruitas said Thursday in a disclosure to the stock exchange it signed an agreement to acquire the 40-year-old legacy brand and various assets related to the Sugarhouse. It did not disclose the value of the acquisition.
Sugarhouse, which started in 1983...
Bank of Commerce, the banking unit of conglomerate San Miguel Corp., plans to raise P4 billion from its initial public offering next year.
The bank's...
