Figaro eyes expansion in RP despite downturn

ABS-CBN News

Posted at Feb 05 2009 11:37 AM | Updated as of Feb 05 2009 09:08 PM

Unfazed by the economic downturn, Filipino firm Figaro Coffee Co. is planning to beef up its operations in the country this year.

In a statement, the company said it was eyeing to open 10 more stores nationwide. The coffee maker currently has 70 local Figaro branches in its portfolio.

Figaro was established in 1993 by a group of seven friends in the Philippines. To date, there are 55 Figaro stores in Metro Manila, two in Baguio City and one in Tagaytay. Other branches are located in key provincial cities such as Davao and Laguna.

Figaro has also opened stores in schools such as the Ateneo de Manila University, De La Salle - College of St. Benilde, and the University of the Philippines.

The company has also ventured globally, with a store in Shanghai, China.