Kris Aquino opened up about her financial troubles in relation to some of her entrepreneurial endeavors and mentioned that she was “deceived” by her business partner in two of her ventures.
Based on her Facebook post, she experienced “financial abuse” and a “total lack of respect” from her business partner who betrayed her, particularly on her two ventures — Nacho Bimby + Potato Corner (with 14 branches) and Thai beauty brand Snail White.
Kris the businesswoman
Unknown to many, Aquino has several business ventures apart from her showbiz-related commitments.
“I have to have had another success apart from entertainment. Hindi puwedeng pangalan lang ang pinuhunan mo, hindi puwedeng popularity… I have to be able to offer something more than the fame, the popularity and the last name, so kailangan may success ako sa negosyo,” Aquino shared in an episode of “Kris TV.”
Eventually, she went on to franchise fast food chains. She owns two Chowking branches — one in Ali Mall, Cubao and the one in Welcome Rotonda. She also manages Mang Inasal in Anonas.
In December 2016, she met up with Potato Corner president Joe Magsaysay and shared that she looked forward to “growing her investment portfolio” with him.
It was then that she opened her new franchise in partnership with the fries-selling company, the Nacho Bimby + Potato Corner under Nacho Bimby Pilipinas Corp.
She was supposed to franchise a Potato Corner branch but got encouraged to create her own brand instead.
The first branch of Nacho Bimby + Potato Corner opened in Promenade Mall at San Juan City.
According to Nicko Falcis, the business manager of Nacho Bimby + Potato Corner at that time, it took them 18 months to “perfect the business model” of Aquino’s newest venture.
Furthermore, he revealed that the brand partnered with Potato Corner since they wanted to be as successful as the established snack company. By 2018, Nacho Bimby + Potato Corner has developed 14 branches.
Aquino’s most recent venture is Snail White, which she launched from Bangkok, Thailand this September. However, she reported that it is also suffering due to her yet-unnamed business partner’s scheme.