The Figaro Coffee Group (FCG), one of the Philippines’ leading and beloved food and beverage companies, plans to open 18 more stores in 2023 with aggressive expansion beyond Metro Manila.
FCG plans to invest Pesos 250 million (US$4.5 million) in the expansion which will cover areas like Laguna, Pampanga, Rizal, Cebu, Pangasinan, Bohol, Ormoc and Davao. Of the 18 new stores, 12 will be for Angel’s Pizza, 5 Figaro Coffee and a new restaurant offering Middle East food.
FCG is poised for further growth due to its strong cashflow position and it is also looking to franchise its brands.
To boost sales of its stores, FCG has also launched new customer-friendly Angel’s Pizza App, while its other stores like Tien Ma has launched new dishes and products.
Currently, FCG operates 60 Figaro Coffee stores, 116 Angel’s Pizza outlets, 10 Tien Ma’s locations and 6 Cafe Portofino outlets bringing its total stores to 192.
