Angel’s Pizza, the fastest-growing pizza chain of the Figaro Coffee Group, reported P1.2 billion in sales on GrabFood during the first half of 2024, with over 925 thousand transactions, up 63 percent from the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm...
Jollibee Foods Corporation, one of the largest Asian food service companies, is not planning to bring recently-acquired Compose Coffee to the Philippines over the next five years as it will be focusing on growing the brand’s market share in South Korea. In an interview, Jollibee Chief Finance...
Jollibee Foods Corporation (JFC), one of the largest Asian food service companies, continues to perk up its coffee business with the planned acquisition of a majority stake in “most loved South Korean value coffee brand” Compose Coffee Co. Ltd. for $340 million. In a disclosure to the...
UCC Ueshima Coffee Philippines, the café business of the Mugen Group, is expanding from its upscale clientele to tap into the much biggest Gen Z market through its new XPRESSO by UCC concept. Mugen Group President and CEO Herbert U. Young In an interview, Mugen Group President and CEO Herbert U....
Starbucks Philippines shared its Global Month of Good report for April 2024, highlighting eco-initiatives including “Greener Stores,” consumer rewards for reuse efforts, and clean water accessibility. According to the coffee giant, “Greener Stores” adopt sustainable measures through...
The Figaro Coffee Group (FCG), a leader in the Philippine food and beverage sector, is allotting about P1 billion for the opening of 70 to 80 new stores this year as it aims to expand its footprint in Visayas and Mindanao. FCG Chairman Justin Liu In an interview, FCG Chairman Justin Liu said the...
The Figaro Coffee Group (FCG), a leader in the Philippine food and beverage sector, proudly unveiled its financial results for its fiscal third quarter ending March 2024. For the quarter ending March 2024, FCG reported revenues of P1.3 billion, up 27% from same quarter last year. Net income after...
Camille Villar, Manny Villar, Roxas City Mayor Ronnie Dadivas and family Coffee Project, renowned as the "Most Instagrammable Cafe in the Philippines," opened its 66th branch in Roxas City, Capiz recently. The grand opening, graced by Villar Group Chairman Manny Villar and AllValue Holdings Corp....
(AP) -- Starbucks lowered expectations for its full-year sales and profit Tuesday after a disastrous quarter that saw a slowdown in store visits across the world. The Seattle coffee giant said revenue for the January-March period dropped 2% to $8.56 billion. That was far short of Wall Street's...
(L-R): Jeeves De Veyra, Writer, and Photographer-Contributor for ABS-CBN News Online, Anthony Uy Dy, Consultant of Figaro Coffee Group, Phoebe Pescador, 2nd Runner-up, Jerome Magbanua, 1st Runner-up, Joshua Earnshaw, Champion, Justin Liu, Chairman of Figaro Coffee System Inc., Mark Dado, Quality...
Coffee lovers, mark your calendars! Bonifacio Global City (BGC)’s annual Coffee Fest is happening this week on March 23 tp 24, 2024 at 5th Avenue, BGC, Taguig City. This event promises an unforgettable celebration of culture and camaraderie during its two-day run. Everyone who drops by 5th Avenue...
The country is facing a challenge in meeting the increasing demand for coffee amid limited local production, the Philippine Coffee Board, Inc. said. Coffee Board President Pacita “Chit” Juan shared that the country’s demand for coffee is around 150,000 to 200,000 metric tons (MT), however,...
