Spanish ice cream company Farggi has unveiled ambitious expansion plans in Spain and Portugal and is considering expanding in Russia and the Middle East, a company spokesman told just-food on Wednesday (28 June).
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Farggi hopes to double its ice-cream shop network to 140 outlets by 2011, the spokesman said. The company will own most of its Spanish stores and franchise the Portuguese outlets, he added.
Regarding its expansion plans outside the peninsula, the spokesman said: “We have been offered business opportunities in those markets [particularly Russia and Dubai] and we are analysing them. We hope to be in them before 2011.”
To feed its expansion, Farggi plans to build a new factory in the Catalonia region (home to Barcelona) to double its ice cream output. Currently, Farggi makes five million litres of ice cream and three million kilos of ice cream cake at its plant in Montgat, Barcelona.
In Spain, Fargi has identified Madrid as its key market where it hopes to open many of its “Farggi” ice cream shops.
The spokesman said Farggi shops sell a wide range of ice cream products and frozen pastries. In Catalonia, the firm also sells popsicles and packaged ice cream in supermarkets, the spokesman added.
This year, Farggi hopes to deliver a turnover of EUR48m (US$60.18m), up from EUR45m in 2005.
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By GlobalData
