In 2018, the group of businessman Martin Lorenzo through First Lucky Agro-Industrial Corp. (FLAIC) assumed control of Meatworld. FLAIC is a wholly-owned subsidiary of First Lucky Holdings Corp. (FLHC), the holding company of Martin.
With its acquisition of 85% of the Group, FLAIC has full management control over the business. The new management team has successfully implemented business strategies which have greatly improved the operating results of Meatworld.
FLHC‘s investments include stakes in: Central Azucarera de Tarlac (CAT), one of the Philippines' largest sugar producers; Green Future Innovations Inc. (GFII), operator of the largest bioethanol plant in Asia; Sierra Madre Advisers, Inc., a Filipino-owned private equity group; RestaurantConcepts Group, Inc. (RCGI), one of the largest restaurant chains in the Philippines with over 50 branches; and various international schools, culinary arts schools, and real properties.
Office of the Chief Operating Officer (COO)
2/F First Lucky Place Annex
No. 2259 Pasong Tamo Avenue Extension
Makati City, Metro Manila