Figaro to open more stores in the Middle East
MANILA, Philippines – The Middle East will soon see more Figaro stores after the Filipino coffee shop and restaurant chain signed a franchise agreement with Qatar-based Fahad Bin Abdulla (FBA) Group of Companies.
The deal would allow the Figaro Coffee Company to expand its presence in the Gulf Cooperation (GCC) countries and establish up to 40 stores in countries like Saudi Arabia, Kuwait, Bahrain, and Oman over the next 10 years.
It was signed on September 10 in Qatar in the presence of officials from Figaro and the FBA group.
"This will further help us in our expansion plans in various countries so that we may continue to serve world class Filipino coffee not only to fellow Filipinos abroad but also to other coffee lovers who haven’t tried brewed and authentic Filipino coffee,” Figaro media relations head Annesy del Mundo said.
The first store will be put up in the first quarter of 2015. Figaro currently has 7 stores overseas: two in Malaysia, two in China, two in Papua New Guinea and one in Saudi Arabia.
Meanwhile, it has 72 stores across the Philippines and is also set to open new stores in Batangas, Bulacan, Davao, and Iligan City.
Doha-based FBA group is involved in various trading and industry sectors and has diversified into the food and beverage business. – Rappler.com
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