Goldilocks Bakeshop

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Goldilocks Bakeshop
Company type Private (1966–2021)
Subsidiary (since 2021)
FoundedMay 15, 1966;58 years ago (1966-05-15) in Makati, Rizal, Philippines
FoundersMilagros Leelin Yee
Clarita Leelin Go
Doris Wilson Leelin
Headquarters Shaw Boulevard,
Mandaluyong, Metro Manila
,
Philippines
Number of locations
418 (2015)
Area served
Philippines
Key people
Richard L. Yee (President)
Products Fast food, bakery
Number of employees
2000 (2013 [1] )
Parent SM Investments Corporation (74%) [2]
Website www.goldilocks.com.ph OOjs UI icon edit-ltr-progressive.svg

Goldilocks Bakeshop is a bakery chain based in the Philippines, which produces and distributes Philippine cakes and pastries.

Contents

History

A Goldilocks Bakeshop branch (2009) Goldilocks Bakeshop.jpg
A Goldilocks Bakeshop branch (2009)

On May 15, 1966, Chinese Filipino sisters, Milagros Leelin Yee and Clarita Leelin Go, and their sister-in-law Doris Wilson Leelin, opened the first Goldilocks store on a 70-square-meter (750 sq ft) space on the ground floor of a three-story building along Pasong Tamo Street in Makati and started with only 10 employees. [3] [4] [5]

In 1976, Goldilocks opened its first store in the United States in Los Angeles. In 1991, Goldilocks launched a franchising program which led to the opening of hundreds of Goldilocks' stores across The Philippines. [3] [6]

Other stores were later set up in other parts of California such as San Francisco, San Jose, and in Las Vegas, Nevada. [3]

Pancake House International planned to acquire Goldilocks Bakeshop, but negotiations to acquire the bakeshop chain fell in 2006. Pancake House offered to acquire Goldilocks for ₱2 billion. [7] [8]

In 2018, SM Investments acquired the 34% stake of Goldilocks Bakeshop, months after its full acquisition deal fell. It later made Goldilocks its subsidiary by acquiring the bakeshop chain's majority stake in 2021. [2] In 2024, Goldilocks announced plans to launch 60 more stores to finish the year with 986 branches. [9]

Branch locations

In 2019, it was reported that there are at least 900 full-service stores in the Philippines, [9] 6 in Thailand, 10 in California and 1 in Nevada, United States, and 2 in Canada. [3]

Brand image

Food products for sale on display in a Goldilocks outlet Goldilocks Bakeshop products.jpg
Food products for sale on display in a Goldilocks outlet

Goldilocks Bakeshop was named after Goldilocks, a character from the fairy tale Goldilocks and the Three Bears to make the name of the chain easier to remember by children and their mothers. The name also suggests the words "gold" and "luck" which was viewed to be auspicious by the founders. The naming was suggested by the founders' sister Maria Flor. [1] [3] [4]

In 2010, Goldilocks underwent a full re-branding. [1]

See also

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References

  1. 1 2 3 Arcangel, Xianne (August 15, 2013). "CNN cites Goldilocks bakeshop founders among world's 'Trailblazer Female CEOs". GMA News. Retrieved January 12, 2016.
  2. 1 2 "SM Investments to acquire majority stake in Goldilocks". Rappler. August 4, 2021.
  3. 1 2 3 4 5 Escobar, Allyson (January 28, 2015). "Goldilocks: From family fairy tale to global phenomenon". MDWK Magazine: 2. Archived from the original on February 6, 2015. Retrieved January 12, 2016.
  4. 1 2 "Goldilocks Bakeshop, Inc". PANA.COM.PH. Retrieved January 12, 2016.
  5. ↑ Aspiras, Reggie (March 6, 2014). "The Goldilocks story–from childhood bakery to baking institution". Philippine Daily Inquirer. Retrieved January 12, 2016.
  6. ↑ "Franchising a fairtytale". Philippine Daily Inquirer. April 7, 2006. Retrieved January 12, 2016.
  7. ↑ Lacson, Elizabeth (July 30, 2007). "Pancake House to buy bakeshop, Spanish resto". Philippine Daily Inquirer. Retrieved January 12, 2016.
  8. ↑ Cuevas-Miel, Likha (February 12, 2008). "Pancake House buys Le Coeur de France". The Manila Times. Retrieved January 12, 2016.
  9. 1 2 Camus, Miguel (February 21, 2024). "Goldilocks nears 1,000th store mark". Philippine Daily Inquirer . Retrieved February 22, 2024.
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