Figaro Culinary Group (FCG), a publicly listed leader in the food and beverage industry, is positioning itself for international expansion through the strategic growth of its wholly owned subsidiary, Figaro Innovation and Development Inc. (FIDI).
In a move to solidify its manufacturing capabilities, FIDI recently formalized a Supplemental Agreement with the Philippine Economic Zone Authority (PEZA). This agreement reaffirms FIDI’s status as a PEZA-registered export enterprise, operating out of the Laguna Technopark – Special Economic Zone.
Originally established as FCG’s dedicated research and production engine, FIDI allows the Group to scale food production far beyond its traditional retail storefronts. The subsidiary is tasked with:
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Broadening Product Lines: Developing new food formats and innovations, including the Anghel Kape line.
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Enhancing Efficiency: Streamlining manufacturing processes to meet both domestic demand and international quality standards.
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Global Export Positioning: Utilizing its Special Economic Zone status to prepare for entry into foreign markets.
The ceremonial signing was attended by key leadership from both organizations, including Brian Gregory Liu, Chairman of FIDI, and Tereso O. Panga, Director General of PEZA.
“This agreement supports Figaro Culinary Group’s broader vision of expanding our food platforms beyond retail, strengthening manufacturing, and positioning our brands for future growth,” stated Jose Petronio Español, Chief Financial Officer of FIDI.
Director General Panga echoed this sentiment, noting that FIDI’s operations are vital in driving innovation and inclusive economic growth within the Philippines’ specialized economic zones.
