Panamanian restaurant chain plans to enter Colombia

The Panamanian restaurant chain Pío Pío plans to sell its franchises in Colombia.

Monday, June 16, 2008

The company has 47 restaurants in Panama. It is part of Grupo Melo, a vertically integrated poultry company whose exports to various countries, including Colombia, total more than four million dollars per year.
Recently, Grupo Melo was unhappy with a decision by Colombian authorities who said their slaughtering plant had to be recertified.
Colombia isn't the main export destination of the group, it has ambitious growth projections in the market.



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More on this topic

Franchises Booming in Panama

September 2013

Not only fast food franchises are growing, but also hospitality ones.

For example, during the first six months of 2013, seven Friday's restaurants, established in the country and run by the local group UNESA, recorded revenues of $9 million. Although some of these facilities reported low sales, the company says it is due to the stabilization of consumers, the time of year and other factors.

Despite Crisis Grupo Melo Increases Sales

July 2009

The Panamanian conglomerate reported sales of $60.9 million for the first quarter of 2009, 4.8% more than the same period in 2008.

The Poultry Farms and Restaurant divisions were those which reported increases in their sales, not the real estate division.

Reporter Edith Castill Duarte writes in her article for Prensa.com: “Grupo Melo is advancing its plans to go into Colombia in the restaurant industry with its chain Pío Pío, and hopes to formalize the plans by the end of the year. The vice-president of finances, planning and treasury, Eduardo Jaspe, said that the division is operating within budget, and that they are in the process of opening seven new restaurants for the local market in distinct points throughout the city.”

Panama: Grupo Melo Sales Up 21%

March 2009

The conglomerate reported sales of $263.5 million for the fourth quarter of 2008, up 21% over the same period in 2007.

The Panamanian group reported its quarterly results to the National Securities Commission which stressed that all departments of the Group, except for timber and real estate had sales increases of more than 10%.

Pio Pio restaurants expand to Colombia

January 2009

The biggest fast food chain from Panama will be launched in the Colombian market this year.

Laestrella.com.pa reports on its site that "after making the first steps in 2008, the Panamanian fast food franchise will be launched internationally.

"This year we will have more than one restaurant in Colombia," said Arturo Melo, president of the Melo Group, after reporting that 2008 was an excellent year for their company.

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