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Bounty Fresh founder buys Bistro Grp. stake
Manila Bulletin
|October 3, 2025
Tycoon Andres Soriano III's A. Soriano Corp. (Anscor) has earned ₱300 million in less than a year from the sale of its 22-percent stake in TBG Food Holdings Inc., the owner of The Bistro Group restaurant business, to Bounty Fresh founder Tennyson Chen's Inoza Business Holdings Inc. for ₱1.91 billion.
In a disclosure to the Philippine Stock Exchange (PSE), Anscor stated that it has executed a deed of sale with Inoza, covering the sale of its entire minority stake in TBG Food Holdings for ₱1.91 billion in cash.
On Nov. 13, 2024, Anscor signed a deed of sale with Navegar I (Singapore) Pte. Ltd., acquiring its minority stake in TBG for a total consideration of ₱1.61 billion, which was fully paid in cash.
This story is from the October 3, 2025 edition of Manila Bulletin.
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