Who owns Dencio's?
Dencio's is owned by Max's Group (the Philippines, PSE: MAXS).[1]
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Evidence: Max's Group, Inc. — SEC Form 17-A Annual Report 2025, 15 April 2026. Last checked .
Key facts
- Current owner
- Max's Group, Inc. reported
- Owner HQ
- 🇵🇭 Philippines, Makati
- Origin
- 🇵🇭 Philippines
- Category
- Restaurants & foodservice › Casual dining › Casual dining restaurants
- Parent ticker
- PSE: MAXS
- Last verified
- · 1 sources
About Dencio's
Dencio's is a Philippine restobar chain, one of the first of the format, known for its sisig and wide range of drinks. Max's Group runs it from locations in North Luzon and abroad and has moved it from stand-alone restaurants towards multi-brand cloud kitchens and business-to-business sales. Its customers include returning overseas Filipinos, families and professionals, and the group carries ₱60.7 million of goodwill for the brand.
Ownership timeline of Dencio's
- Current owner Max's Group [1] reported
Where Dencio's sits in Max's Group
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full Max's Group ownership tree →
See the full Max's Group brand portfolio (7) →
Other brands owned by Max's Group
Max's Group controls 7 brands on Brandtree, 6 of them in restaurants & foodservice.
Also in restaurants & foodservice
- Max's Restaurant (1945)
- Pancake House (1974)
- Sizzlin' Steak
- Teriyaki Boy
- Yellow Cab Pizza Co. (2001)
Other brands in casual dining restaurants, and who owns them
The 78 brands in casual dining restaurants on Brandtree belong to 26 owners. The largest is Gulf Hotels Group, with 19; Max's Group has 5.
| Brand | Owner | Owner based in |
|---|---|---|
| Al Waha Restaurant | Gulf Hotels Group | 🇧🇭 Bahrain |
| Casa Bella | Spur Corporation | 🇿🇦 South Africa |
| Chaonabian | Jiumaojiu | 🇨🇳 China |
| Bonefish Grill | Bloomin' Brands | 🇺🇸 United States |
| Cheddar's Scratch Kitchen | Darden | 🇺🇸 United States |
| Oliver's Super Sandwiches | Café de Coral | 🇭🇰 Hong Kong |
| Café de Paris Monte-Carlo | Monte-Carlo SBM | 🇲🇨 Monaco |
| Chili's Grill & Bar | Brinker | 🇺🇸 United States |
About the owner: Max's Group
Max's Group is a publicly listed company headquartered in Makati, Philippines, founded in 2000. Brandtree records 7 brands under its control, and it is listed as PSE: MAXS.
Max's Group, Inc. is a Philippine casual-dining restaurant company registered with the Philippine SEC on 1 March 2000. A consolidation in 2014 brought 14 brands under it, and it made a public offering in December of that year; its shares trade on the Philippine Stock Exchange as MAXS. Its core brands are Max's Restaurant, Pancake House, Yellow Cab Pizza and Krispy Kreme, which it runs in the Philippines under an exclusive licence, as it does Jamba Juice. Teriyaki Boy, Dencio's and Sizzlin' Steak now trade mainly through multi-brand cloud kitchens and business-to-business sales. Its subsidiary No Bia, Inc. runs the central manufacturing plant commissioned in 2021, which also produces for other food companies.
🇵🇭 Dencio's and other Filipino brands
Brandtree records a controlling owner for 97 brands that began in the Philippines. 4 of them (4%) are now controlled by a company headquartered in another country; Dencio's is not one of them.
- Chowking — Jollibee Group 🇵🇭
- Peri-Peri Charcoal Chicken — Shakey's Pizza Asia Ventures 🇵🇭
- 2GO Express — 2GO 🇵🇭
- 555 — Century Pacific 🇵🇭
- AirAsia Philippines — AirAsia X 🇲🇾
- Asian Terminals — Asian Terminals 🇵🇭
Frequently asked questions
Who is the parent company of Dencio's?
The parent company of Dencio's is Max's Group, a publicly listed company headquartered in the Philippines.
Is Dencio's Filipino?
Yes. Dencio's originated in the Philippines and its owner, Max's Group, is also headquartered in the Philippines.
Is Dencio's still owned by Max's Group?
Yes. As of 23 October 2026, Dencio's is still owned by Max's Group. The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Max's Group, Inc. — SEC Form 17-A Annual Report 2025 — Max's Group, Inc., Annual report, published 15 April 2026; retrieved 23 October 2026.
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