File:Figaro Coffee logo.svg | |
Formerly | "F" store (1993) |
---|---|
Type | Subsidiary |
PSE: FCG | |
Industry | Coffee shop |
Founded | November 1993 Glorietta, Makati, Philippines |
Number of locations | 63 [1] (2019) |
Products |
|
Parent | The Figaro Coffee Group Inc. |
Website | figarocoffee.com |
Figaro Coffee Systems Inc. (Figaro Coffee) is a Philippine coffee company and coffeehouse chain that works on the franchise model. As of September 2013 [update] , it had 63 outlets in Philippines, Qatar, Saudi Arabia and Papua New Guinea. As of 2020, Figaro Coffee had a total of 90 outlets worldwide. [2]
This section reads like a press release or a news article and may be largely based on routine coverage .(December 2017) |
Figaro Coffee was established in November 1993 by seven college friends, [3] including Pacita "Chit" Juan and Reena Francisco, as a small kiosk in Glorietta mall in Makati selling fresh ground coffee and tea paraphernalia. Juan and Francisco were classmates at the University of the Philippines, where Juan had studied Hotel and Restaurant Administration. Juan, then involved in her family business, decided to start a coffee shop, something that she had earlier set out with while still in college. [4] [5]
The first outlet was called "the F store" and employed one managing partner and two employees. [6] The shop had coffee and tea paraphernalia including fresh ground coffee beans. After a few trying initial months, the owners decided to give the coffee shop a name. In April 1994, the founders chose the name "Figaro", inspired by the opera Barber of Seville . [7] Juan and her friends wanted to set up a place where "Filipinos can get the perfect coffee and all the necessary accoutrements for coffee making”. [8]
Juan subsequently became the CEO of Figaro Coffee, a position she retained until 2008. Jose Fernando Alcantara became CEO in 2008, followed by CrisMel Verano in 2009. [9] Francisco was the COO until 2008.
In 1998, Juan met Father Roger Bagao, a coffee farmer and priest from Tagaytay City who headed a farmers' coffee cooperative. In 1999, Figaro Coffee introduced Cafe Barako, as part of the "Save the Barako" campaign. Around the same time, the Figaro Foundation was set up, to help coffee farmers grow coffee profitably.
In 2002, while at Figaro Coffee, Juan became the President of the National Coffee Development Board (now Philippine Coffee Board Inc). After Figaro Coffee, she went on to set up ECHOstore. [10]
In 2005, Figaro Coffee opened its first overseas outlet in Shanghai. By mid-2006, Figaro had grown to 53 outlets, most of which were in Metro Manila, with two in Baguio and one in Davao. In 2006 (and again in 2009), Figaro Coffee voiced plans on an IPO in Makati Stock Exchange; however, those did not materialize. In December 2006, Figaro Coffee opened its first branch in Cebu city, and opened another 12 stores in 2007. [11]
The year 2008 marked a turning point for Figaro Coffee as Juan and Francisco sold their shares in F Coffee Holdings Corporation (then-parent company of Figaro Coffee) to the Tanseco family. Juan and Francisco also relinquished management control of the Figaro Coffee. [12] It is also reported that businessman Jerry Liu bought into Figaro Coffee in the same year. [13] In 2009, the company underwent financial restructuring and closed some of its overseas branches. [14] At this time, some trademarks of Figaro Coffee continued to be owned by Juan and were contested in court. [15] In the same year, Figaro Coffee began to experiment in retailing and exporting organic coffee. [16] As of February 28, 2012, the trademark dispute has been settled between the parties in favor of Figaro Coffee. [17]
In April 2013, the franchisee manager of Figaro Coffee, Mike Barret, announced their intent to open outlets in Fiji and Vietnam. [18] [19] [20]
On June 21, 2021, ownership of Figaro Coffee Systems, Inc. was transferred from F Coffee Holdings Corporation to The Figaro Coffee Group Inc. (PSE : FGC). [21] FGC also owns and operates other concepts such as Angel's Pizza and Tien Ma's, a Taiwanese cuisine restaurant.
A coffeehouse, coffee shop, or café is an establishment that primarily serves various types of coffee, espresso, latte, and cappuccino. Some coffeehouses may serve cold drinks, such as iced coffee and iced tea, as well as other non-caffeinated beverages. A coffeehouse may also serve food, such as light snacks, sandwiches, muffins, fruit, or pastries. In continental Europe, some cafés also serve alcoholic beverages. Coffeehouses range from owner-operated small businesses to large multinational corporations. Some coffeehouse chains operate on a franchise business model, with numerous branches across various countries around the world.
Dunkin' Donuts LLC, doing business as Dunkin' since 2019, is an American multinational coffee and doughnut company, as well as a quick service restaurant. It was founded by Bill Rosenberg (1916–2002) in Quincy, Massachusetts, in 1950. The chain was acquired by Baskin-Robbins's holding company Allied Lyons in 1990; its acquisition of the Mister Donut chain and the conversion of that chain to Dunkin' Donuts facilitated the brand's growth in North America that year. Dunkin' and Baskin-Robbins eventually became subsidiaries of Dunkin' Brands, headquartered in Canton, Massachusetts, in 2004, until being purchased by Inspire Brands on December 15, 2020. The chain began rebranding as a "beverage-led company", and was renamed Dunkin', in January 2019; while stores in the U.S. began using the new name, the company intends to roll out the rebranding to all of its international stores eventually.
Seattle's Best Coffee LLC is a subsidiary of Nestlé whose brand is used to sell wholesale coffee, ground coffee, and coffee K-cups. While this brand used to have coffeehouses in the United States, it no longer advertises them on its website. Some of these coffeehouses have converted to Starbucks while Starbucks previously owned this brand. Focus Brands owns the franchising rights for this brand's coffeehouses for international markets and military bases.
Costa Limited, trading as Costa Coffee, is a British coffeehouse chain with headquarters in Loudwater, Buckinghamshire, England.
Mister Donut is an international chain of doughnut stores. It was founded in the United States in 1956 by Harry Winokur. Primary offerings include doughnuts, coffee, muffins and pastries. After being acquired by Allied Domecq in 1990, most of the North American stores became Dunkin' Donuts. Outside of the United States, Mister Donut maintains a presence in Japan, El Salvador, Philippines, Thailand, Indonesia, Taiwan, and Nigeria.
Chowking is a Filipino chain of fast food restaurants that specializes in Filipino Chinese cuisine.
Kapeng barako, also known as Barako coffee or Batangas coffee, is a coffee varietal grown in the Philippines, particularly in the provinces of Batangas and Cavite. It belongs to the species Coffea liberica. The term is also used to refer to all coffee coming from those provinces. Barako in the languages of the Philippines means "stud", and is associated with the image of masculinity. Barako has a strong flavor and fragrance reminiscent of aniseed.
Doutor Coffee (株式会社ドトールコーヒー) is a Japanese retail company that specializes in coffee roasting and coffee shop franchising. It was founded by Toriba Hiromichi.
Hudsons Coffee is an Australian chain of coffee retailers. As of August 2013, it comprises 67 stores across Australia, as well as one store at Changi Airport in Singapore. It is owned by the Emirates Group which includes Emirates Airline, the Costa Coffee franchise in the UAE, and Left Bank lounge bar and restaurants in Dubai, Abu Dhabi, Oman and Southbank in Melbourne.
Juan Valdez Café is a multinational coffeehouse chain based in Colombia that specializes in coffee retail. Its purpose is to become a member of the worldwide coffee restaurant business, and promote Colombian coffee. It was created by Colombia's National Federation of Coffee Growers through Procafecol S.A.; the latter being a company established in 2002. It was named after Juan Valdez, a fictional character meant to promote Colombian-grown coffee.
KG Hollys F&B Co., Ltd, trading as Hollys and known until March 2021 as Hollys Coffee, is a South Korean lifestyle and specialty coffee company part of the KG Group. The company was established in 1998 and opened South Korea's first espresso shop that year. Its shops offer espresso, coffee, tea, specialty coffee- and tea-based hot and cold drinks, a variety of pastries and other snacks and coffee supplies. By 2008 there were more than 100 Hollys Coffee shops in the country, and the franchise had expanded with additional stores in China, Thailand, Vietnam and Malaysia.
OldTown Berhad is Malaysia's largest halal-certified coffee restaurant chain. The company also manufactures and sells instant beverage products and mixes. It operates over 200 café outlets located throughout Malaysia and other countries in the region, such as Singapore, China, Indonesia and Australia, and has plans to expand into Vietnam, South Korea and Bangladesh.
Highlands Coffee is a Vietnamese coffee shop chain and producer and distributor of coffee products, established in Hanoi by Vietnamese American David Thai in 1998. The establishment of the Highlands Coffee company marked the first time an overseas Vietnamese was able to register a private company within Vietnam. As of 2018, the company operates 230 coffee shops across Vietnam. In 2011, Highlands Coffee purchased the pho chain Phở 24 from Lý Quí Trung for an estimated US$20 million. The next year, Highlands sold 50% of its shares to the Philippine multinational chain Jollibee for US$25 million.
The Air21 Express were a professional basketball team in the Philippine Basketball Association (PBA) that debuted in the 2011–12 season. The team debuted as the Shopinas.com Clickers during the 2011–12 PBA Philippine Cup. In 2014, the franchise was sold to Manila North Tollways Corporation and was renamed as the NLEX Road Warriors.
Caffe Bene is a coffeehouse chain based in Seoul, South Korea. It was founded in May 2008 by Sun-Kwon Kim. Caffe Bene is the largest coffeehouse chain in South Korea by number of stores. As of April 24, 2012, Caffe Bene has 760 outlets in South Korea. Caffe Bene made its international debut in New York City in February 2012 and opened the second international store in Beijing, China one month later. Caffe Bene now has 3 outlets in China and has signed with 7 countries to open further stores. As of the end of 2013, Caffe Bene's debt ratio was 665 percent and its operating profit ratio was 2 percent.
Jollibee Foods Corporation is a Philippine multinational company based in Pasig, Philippines. JFC is the owner of the fast food brand Jollibee.
Tom N Toms Coffee (탐앤탐스) is a coffeehouse chain based in South Korea. It first opened in the Apgujeong-dong District of Seoul and now has over 400 branches in 9 different countries worldwide. It is also among the top 3 coffee brands in South Korea.
Café Barbera is an Italian coffeehouse and fast casual dining franchise registered with the International Franchise Association (IFA) since 2015. It operates franchises in Europe, the Middle East, Africa, Asia and South America. The first Cafè Barbera opened in 2004 in Dubai and is named after the first Café Barbera founded by Domenico Barbera in 1870 in Southern Italy. It is considered one of the oldest companies in Europe and is still managed by the Barbera family.
Bo's Coffee is a Filipino coffee and coffeehouse chain. It was founded by Steve Benitez in 1996 in Cebu City, Philippines. The company operates a total of 91 outlets throughout the Philippines, with about 30 of them located in Metro Cebu, where it is based. Bo's Coffee sources coffee beans locally from farmers from Sagada, Mountain Province, Mount Kitanglad in Bukidnon, Mount Matutum in Tupi, South Cotabato, and Mount Apo.