MANILA, Philippines – The pizza business of the Figaro Coffee Group (FCG) has overtaken its coffee commerce, driven by the success of its Angel’s Pizza brand.

FCG traces its roots to the Figaro Coffee Company, founded in in 1993 by social entreprenuer Pacita “Chit” Juan. Now led by the Liu family, it owns two other brands aside from Figaro Coffee and Angel’s Pizza: coffee shop Café Portofino and Taiwanese cuisine restaurant Tien Ma’s.

In a disclosure on Monday, October 16, publicly listed FCG reported that its bottom line and top line improved significantly in the company’s fiscal year (FY) ending June 2023.