It is also part of the company’s long-term growth strategy.
Recently, food and beverage company, Figaro Culinary Group strengthened its long-term growth strategy with the establishment and expansion of Figaro Innovation and Development Inc. (FIDI).
The wholly owned subsidiary has been created to broaden the group’s food product offerings, enhance manufacturing capabilities, and prepare for future export opportunities.
FIDI was also established to serve as its dedicated innovation and manufacturing arm, allowing the group to scale food production beyond its retail brands, while building capabilities for both domestic distribution and eventual export markets.
Through FIDI, the group also aims to develop new food formats, improve production efficiency, and strengthen quality standards aligned with international requirements.
This strategic direction was underscored by the recent ceremonial signing of a Supplemental
Agreement between FIDI and the Philippine Economic Zone Authority (PEZA), held in
Pasay City.
The agreement reaffirms FIDI’s status as a PEZA- registered export enterprise, supporting its operations at the Laguna Technopark – Special Economic Zone and enabling the manufacturing of products such as Anghel Kape and other food innovations under the Figaro Culinary Group portfolio.
The Supplemental Agreement builds on FIDI’s existing PEZA Certificate of Registration, which
recognizes the company’s registered activities as an export enterprise engaged in toll manufacturing of coffee mixes and food products.
Present at the signing were Brian Gregory Liu, Chairman of Figaro Innovation and Development
Inc.; Tereso O. Panga, Director General of PEZA; Joy Anidelle Alguso, Deputy Director General
of PEZA; and Jose Petronio Español, Chief Financial Officer of FIDI.
“This agreement supports Figaro Culinary Group’s broader vision of expanding its food platforms
beyond retail, strengthening manufacturing, and positioning our brands for future growth,” said
Español.
PEZA Director General Panga likewise emphasized the importance of companies like FIDI in driving innovation, development, and inclusive growth within economic zones.