FIGARO Coffee Group Inc. (Figaro) is setting aside around P1.2 billion for capital expenditures (capex) this year and expects sustained growth amid an aggressive store network expansion.

About 50 percent of the 2024 capex will be financed by internally generated funds, Figaro Chief Finance Officer Jose Petronio Vicente Español 3rd told The Manila Times last week.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details