BIZ BUZZ: Yang + Yu = Fly Kitchen
Our sources couldn’t share exact financial details but we’re told it was a respectable-sized investment.
“I see Balai Pandesal and the different Fruitas brands as a good fit into the cloud kitchen concept. The cloud kitchen business will provide a solid revenue stream for Balai and Fruit and that is something in which I would like to continue to participate,” he added. This is significant because, well … when was the last time any electricity distributor in this country decided to return clients’ bill deposits without being ordered by the Energy Regulatory Commission?
The company—which won a contentious fight against Panay Electric Co. for control of the lucrative Iloilo franchise just before the pandemic— says Iloilo residents can expect more customer-centric policies from the Razon firm.
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