Staff Reporter
,
Philippines
Photo from Unsplash by Alan Hardman.
The brand plans to open 40 to 60 new stores this year.
Philippine F&B group Figaro Coffee Group will spend nearly $20.4m ($1.2b) in capital expenditures to open 40 to 60 new stores across all of its brands.
In a bourse filing, the group stated that approximately 80% of its expansion efforts will be focused on its affordable pizza brand, Angel’s Pizza.
Aside from Angel’s Pizza, the group also operates coffee shop brand Figaro Coffee and Taiwanese dining brand Tien Ma’s.
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