Manila, Philippines – Local food business group Figaro Coffee Group has announced that its board of directors has approved the change to rebrand as Figaro Culinary Group, according to a recent stock disclosure statement by the company on the Philippine Stock Exchange.

According to the disclosure statement, said rebranding has been determined that it is in the best interest of the company to change its corporate name to better reflect its strategic vision and broaden its brand identity. 

“The proposed new name (Figaro Culinary Group) will outline the company’s commitment to quality and innovation as it expands its offerings to include a wide range of culinary products and experiences,” the company said.

Figaro Coffee Group consists of the coffeehouse chain Figaro Coffee, pizza chain Angel’s Pizza, Taiwanese food chain Tien-Ma’s, kebab shop Koobideh Kebabs, and gourmet coffee chain Cafe Portofino.

The group’s most popular brand is Figaro Coffee, a chain founded in 1993. As of this writing, the coffee chain has 90 outlets worldwide, including in Qatar, Saudi Arabia and Papua New Guinea.

Singapore – Food manufacturing group OTS Holdings has launched a new plant-based, ready-to-eat food brand ANEW, which aims to deliver quality, nutrition, and convenience to consumers with a taste of heritage, coupled with the tagline ’Better Food Forward’.

Developed by its in-house R&D team and manufactured in Singapore, the first product line-up from ANEW consists of three luncheon meat products that are inspired by the group’s popular luncheon meat products.

ANEW’s nutritional product features include non-GMO, cholesterol-free, trans-fat free, and no added preservative. Its luncheon meat products are sold in online stores and will be made available in major supermarkets across Singapore.

Bee Chip Ong, managing director of OTS Holdings, shared that increased awareness of environmental and sustainability benefits have been a key driving force for plant-based alternatives to become a growing part of consumers’ diet around the world.

“In addition, plant-based alternatives can also mitigate concerns of food security as the world’s population continues to grow. With ANEW, we see an opportunity to participate in the fast-growing plant-based foods market, where we want to be able to meet consumer’s expectations so that they can continue to enjoy their favourite food experience with our plant-based products based on our popular recipes,” said Ong.