August 27, 2025 | 12:00am
MANILA, Philippines — It’s not anymore a matter of if, however when so far as Monde Nissin Corp.’s plan to promote its stake within the Liu family-led Figaro Culinary Group Inc. goes.
Monde Nissin chief govt officer Henry Soesanto advised The STAR that the group is at the moment ready for the proper timing to promote its 15-percent stake in Figaro Culinary Group., previously Figaro Espresso Group Inc.
“On Figaro, our preliminary intention was to trip on the model and assist launch some associated merchandise as client package deal items, however it was then confirmed unrealistic. It was my mistake,” Soesanto stated.
“So I stated, whereas the venture was not real looking, we’d determine to exit. We simply watch for the proper timing to do it,” he stated.
Soesanto final 12 months expressed his group’s intention to promote their 15-percent stake within the Figaro Espresso Group.
In an interview earlier this 12 months, Soesanto advised The STAR that whereas promoting its stake in Figaro isn’t a should, the corporate stays open to the likelihood.
Monde Nissin earlier stated Soesanto’s statements have been preliminary and basically exploratory in nature, noting that no agency plans have been made or have any proposals or discussions for divestment been introduced to or taken up by the corporate’s board for consideration.
In 2023, Monde Nissin acquired a 15-percent stake in Figaro Espresso Group for about P820.3 million as a part of its foray into the meals service enterprise and general progress technique within the Philippine market.
Figaro, by way of subsidiary Figaro Espresso Methods Inc., operates and franchises a community of retail eating places that embody Figaro Espresso, Angel’s Pizza, Tien Ma’s and Café Portofino.
Figaro, on its finish, is in talks with two potential traders that might present contemporary capital to assist scale up the corporate’s operations within the coming years.
Figaro has beforehand initiated a search of potential traders to lift further capital to fund future retailer openings and growth.
The transfer is in step with the corporate’s dedication to pursue sustainable progress and proceed product innovation to ship enhanced worth to its prospects and shareholders.
For proposed investments, Figaro earlier stated the potential third-party traders or numerous traders would subscribe to roughly 20 % of its excellent widespread shares by way of the issuance of main widespread shares out of the corporate’s present licensed capital inventory.
Except for Monde Nissin, Figaro’s different main traders embody Camerton Inc. and Carmetheus Holdings Inc.
