Figaro Coffee Group

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.

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

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

• Food service operations
• Restaurant franchising
• Coffee chain
• Multi-brand restaurants
• Commissary supply

Headquarters

HQ city

Biñan

HQ country

Philippines

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. 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.
2. 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

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core 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

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Broad 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

• Xtwitter.com/figarocoffeehq
• YouTubeyoutube.com/channel/UC2DestOmqfX_bTUxZIAvTig
• Facebookfacebook.com/figarocoffeecompany
• LinkedInlinkedin.com/company/figaro-coffee-company
• Instagraminstagram.com/figarocoffeph

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Figaro Coffee Group