Figaro Coffee Group
Figaro Culinary Group is a Philippine publicly-listed multi-brand food and beverage holding company operating 236 stores across five restaurant concepts (coffee, pizza, Taiwanese, gourmet cafe, Middle Eastern), serving mass-market Filipino consumers through a vertically integrated franchise and corporate retail model.
- Company typePublic
- Founded1993
- HeadquartersBiñan, Philippines
- Headcount1,001–5,000
- GTM typeB2C
- OfferingServices
What Figaro Coffee Group does
Figaro Culinary Group, Inc. (formerly Figaro Coffee Group, Inc.) is a publicly listed Philippine multi-brand food and beverage holding company headquartered in Biñan, Laguna, and traded on the Philippine Stock Exchange under ticker FCG. Founded in 1993 by Pacita 'Chit' Juan, the company operates 236 stores across five distinct consumer brands: Figaro Coffee (the No. 1 international Filipino coffee chain), Angel's Pizza (Manila's mass-market affordable pizza brand and the largest brand by store count), Tien Ma's (authentic Taiwanese cuisine), Cafe Portofino (gourmet cafe concept launched in 2023), and Koobideh Kebabs (Middle Eastern/Mediterranean concept added in 2025). The company's core operations are supported by a vertically integrated supply chain including a proprietary roasting facility, warehouse and supplies infrastructure, and commissary operations that supply both corporate and franchise stores.
The business model combines direct-to-consumer retail through 59 company-owned stores with franchise licensing across 169 franchise-operated stores, generating revenue from store sales (transaction-based) and ongoing franchise fees and royalties. The company is positioned as a value-for-money operator targeting mass-market Filipino consumers seeking accessible quality food and beverage experiences, while simultaneously offering franchise partners proven operational systems and multi-brand portfolio participation. In January 2023, Monde Nissin Corp. acquired a 15% strategic stake for P820.3 million (~$15M USD), and the company was subsequently added to PSE sector indices in July 2023.
Figaro Culinary Group reported FY2022 (ended June) revenue of P2.43 billion (+80% YoY) and net income of P198.2 million (+111% YoY), with Q1 FY2023 revenue of P1.03 billion (+95% YoY) and net income of P99.3 million (+52% YoY), supported by 6% same-store sales growth. Forbes Asia recognized the company on its 2025 Best Under A Billion list with $97 million in revenue, validating its growth and profitability profile. The February 2025 corporate rebrand from Figaro Coffee Group to Figaro Culinary Group explicitly signaled strategic intent to expand beyond coffee into a broader culinary portfolio.
Figaro Coffee Group firmographics
Firmographics- Name
- Figaro Coffee Group
- Legal name
- Figaro Culinary Group, Inc.
- Website
- https://figaro.ph
- Company type
- Public
- Founded year
- 1993
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Figaro Culinary Group is a Philippine publicly-listed multi-brand food and beverage holding company operating 236 stores across five restaurant concepts (coffee, pizza, Taiwanese, gourmet cafe, Middle Eastern), serving mass-market Filipino consumers through a vertically integrated franchise and corporate retail model.
- Ownership category
- akta.pro rank
Figaro Coffee Group industry classification
Industry- Product category
- Multi-brand Restaurant Operations
- NAICS
- Coffee and Tea Manufacturing (31192), Beverage Manufacturing (3121)
- SIC
- Retail-Eating & Drinking Places (5810), Beverages (2080)
- akta.pro primary industry
- Coffee Chains & Franchise Cafes (THAFADAB)
- akta.pro secondary industries
- Specialty Coffee Shops (Single-Origin, Third-Wave) (THAFADAA), Coffee, Tea & Cocoa Beverage Wholesale (AFAIAGAD)
Keywords
Where Figaro Coffee Group is headquartered
LocationHeadquarters
- HQ city
- Biñan
- HQ country
- Philippines
- HQ region
- Asia
Offices2 records
Markets served
Figaro Coffee Group business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure
Revenue model
- Store Sales (Company-owned): Revenue generated from company-owned retail stores across multiple brands including Figaro Coffee, Angel's Pizza, Tien Ma's, Cafe Portofino, and Koobideh Kebabs. Systemwide sales reached P2.05 billion in H2 2022 with 150 stores.
- Franchise Fees and Royalties: Franchise partnerships generate fees and ongoing royalties from franchisees who operate stores under Figaro's brand portfolio. The company offers franchise and investment packages for store franchising.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Franchise packages available for multiple brands including Figaro Coffee, Angel's Pizza, Tien Ma's, and Koobideh Kebabs |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels5 records
Figaro Coffee Group product offering
Product offeringCore offering
Figaro Coffee Group (now Figaro Culinary Group, Inc.) operates a multi-brand portfolio of restaurants and cafés in the Philippines under brands including Figaro Coffee, Angel's Pizza, Tien Ma's, Cafe Portofino, and Koobideh Kebabs. The company sells food and beverages to consumers through company-owned and franchised retail stores, supported by a fully integrated back-end of its own roasting facility, warehouse, supplies, and commissaries that supply all stores and business partners.
Product overview
Figaro Culinary Group (formerly Figaro Coffee Group) is a Philippine-based food and beverage company operating a multi-brand portfolio of restaurant and café concepts. The company operates as a holding and management entity for several distinct food brands: Figaro Coffee (premium Filipino coffee chain), Angel's Pizza (affordable pizza brand that has become the company's largest brand by store count), Tien Ma's (Taiwanese cuisine), Cafe Portofino (gourmet café), and Koobideh Kebabs (Middle Eastern/Mediterranean cuisine). The company operates its own roasting facility, warehouse & supplies, and commissaries to supply stores and business partners. The company has been listed on the Philippine Stock Exchange and has been included in Forbes Asia's 'Best Under a Billion' list.
Differentiator
Problem solved
Functional benefit
Brands
- Figaro Coffee: The No. 1 international Filipino coffee chain
- Angel's Pizza
- Tien Ma's
- Cafe Portofino
- Koobideh Kebabs
Products and services
- Figaro Coffee The No. 1 international Filipino coffee chain offering quality coffee and food beverages in a café setting to mass-market consumers in the Philippines.
- Angel's Pizza Manila's answer to high quality and affordable pizza; now the dominant brand in Figaro's portfolio by store count, serving casual dining and delivery consumers in the Philippines.
- Tien Ma's Authentic Taiwanese cuisine brought to the palette of Filipinos, offering traditional Taiwanese food favorites to Filipino consumers.
- Cafe Portofino A gourmet cafe concept offering quality food and beverages at an affordable price, positioned in Makati for urban consumers.
- Koobideh Kebabs A culinary haven specializing in flavorful Middle Eastern and Mediterranean cuisine, serving Filipino consumers seeking diverse food options.
- Franchise and Investment Packages Store franchise and investment packages offered to entrepreneurs and business operators across Figaro Coffee, Angel's Pizza, Tien Ma's, and Koobideh Kebabs brands, including operational systems and support.
Quantifiable outcome
- 36.5% increase in net income to P83.42 million in Q1 FY2023
- +3 more outcomes
Companies that use Figaro Coffee Group
Customer profileSegments2 records
Ideal customer profiles2 records
Figaro Coffee Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Figaro Coffee Group partnerships and signals
Strategic signalScale indicators10 records
Recent moves7 records
Expansion highlights5 records
Figaro Coffee Group competitors and assessment
Company assessmentBroad incumbents
- Jollibee Foods Corporation: Philippines' largest multi-brand F&B operator (Jollibee, Greenwich, Chowking, Mang Inasal) with thousands of stores. Directly comparable as a Philippine-listed, multi-brand, franchise-heavy foodservice platform competing for the same mass-market consumer wallet.
- Starbucks Philippines (Rustan Coffee Corporation): Operator of the dominant global coffee chain in the Philippines. Direct competitor in specialty/premium coffee, sharing the café-coffee consumer segment with Figaro Coffee but with significantly larger scale and brand recognition.
- Pizza Hut Philippines (PHPL): International pizza chain operated in the Philippines. Comparable to Angel's Pizza in the same product category (pizza casual dining and delivery) with overlapping customer base and competitive overlap.
Direct peers
- Bo's Coffee: Filipino homegrown specialty coffee chain with company-owned and franchised stores across the Philippines. Closest direct peer to Figaro Coffee — same local-coffee-chain positioning, similar franchise model, and overlapping target segment.
- Shakey's Pizza Asia Ventures: Listed Philippine pizza and casual dining chain. Comparable to Angel's Pizza as a franchise/company-operated pizza concept serving the same Filipino casual-dining and delivery occasions.
- Max's Group, Inc. Philippine-listed multi-concept casual dining operator (Max's Restaurant, Pancake House, Yellow Cab, Krispy Kreme). Comparable multi-brand F&B platform serving Filipino families with company-owned and franchised stores.
- Tim Hortons Philippines: Canadian coffee chain expanding in the Philippines. Direct competitor to Figaro Coffee in the coffee-and-food café segment with growing local footprint and franchise presence.
- The Coffee Bean & Tea Leaf (Philippines): Specialty coffee and tea café chain operating in the Philippines. Comparable to Figaro Coffee as a café concept competing for the same specialty coffee consumer in malls and urban locations.
- Domino's Pizza Philippines: International pizza delivery and dine-in chain with strong Philippine presence. Direct competitor to Angel's Pizza in delivery-led pizza occasions, particularly for value-conscious consumers.
Others
- Monde Nissin Corporation: Listed Philippine food company (Lucky Me, Skyflakes) and 15% strategic shareholder in Figaro. Adjacent rather than directly competitive, but the equity stake creates a strategic partnership linking packaged food scale with foodservice distribution — relevant for understanding Figaro's growth runway and capital access.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Figaro Coffee Group social profiles
Digital presenceFigaro Coffee Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Figaro Coffee Group leadership team
Management profileNumber of profiles
Profiles13 records
Figaro Coffee Group subsidiaries and ownership
Company hierarchySubsidiaries1 record
Figaro Coffee Group funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Figaro Coffee Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Figaro Coffee Group
What does Figaro Coffee Group do?
Figaro Coffee Group (now Figaro Culinary Group, Inc.) operates a multi-brand portfolio of restaurants and cafés in the Philippines under brands including Figaro Coffee, Angel's Pizza, Tien Ma's, Cafe Portofino, and Koobideh Kebabs. The company sells food and beverages to consumers through company-owned and franchised retail stores, supported by a fully integrated back-end of its own roasting facility, warehouse, supplies, and commissaries that supply all stores and business partners.
Is Figaro Coffee Group a public or private company?
Figaro Coffee Group is a public company. It is classified as public and is currently operating.
When was Figaro Coffee Group founded?
Figaro Coffee Group was founded in 1993. It employs 1,001 to 5,000 people.
Where is Figaro Coffee Group based?
Figaro Coffee Group is headquartered in Biñan, Philippines, in the Asia region.
How does Figaro Coffee Group make money?
Two revenue lines are on record. Store Sales (Company-owned) is the primary driver. The others are franchise Fees and Royalties.
Who are Figaro Coffee Group's main competitors?
Broad incumbents on record are Jollibee Foods Corporation, Starbucks Philippines (Rustan Coffee Corporation) and Pizza Hut Philippines (PHPL). Direct peers are Bo's Coffee, Shakey's Pizza Asia Ventures, Max's Group, Inc., Tim Hortons Philippines, The Coffee Bean & Tea Leaf (Philippines) and Domino's Pizza Philippines. Monde Nissin Corporation is listed as an others.
Does Figaro Coffee Group have an API?
No public API is recorded for Figaro Coffee Group.
What industry is Figaro Coffee Group in?
Figaro Coffee Group's product category is Multi-brand Restaurant Operations. Its primary akta.pro industry code is THAFADAB, Coffee Chains & Franchise Cafes, with a secondary code of THAFADAA, Specialty Coffee Shops (Single-Origin, Third-Wave). Its NAICS code is 31192 and its SIC code is 5810.