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Philippine agribusiness group cleared to buy majority stake in The Bistro Group

( August 20, 2025, 05:14 GMT | Official Statement) -- MLex Summary: The Philippine Competition Commission has cleared Inoza Business Holdings’ acquisition of a majority stake in TBG Food Holdings, owner of full-service restaurant brands in the country under The Bistro Group, including Italianni’s and TGI Fridays. In its review, the watchdog found no competition concerns in the nationwide supply of chicken, pork, beef or eggs to the food-service industry, citing limited market shares and sufficient alternative suppliers. Inoza is affiliated with Progeny Global Holdings, which operates the Bounty Fresh brand and limited-service chains such as Chooks-to-Go and Uling Roasters. The deal is expected to support growth across both the food service and agribusiness sectors.The full statement follows: ...

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