History
When Wu Cheng-Hsueh was having coffee with his wife, the idea came to him that he could serve coffee and breads for customers at a low price. He used to have a barbershop, a shoe-material processing plant, a marble factory and bubble-tea and pizza chain stores. Wu Cheng-Hsueh, president and founder of 85℃ Bakery Cafe, opened the first shop in Bao-Ping, Taipei County, in July 2004. The shop was soon serving around 2000 guests per day and selling over 2000 cups of coffee. He opened a second shop in Yuan Toun, Taipei County, in August 2004. Following the success of the two stores, a third store was opened in Goun Yi, in Taichung City, which marked the beginning of the franchising name 85℃ in November 2004. The name "85C" refers to Wu's belief that 85 °C (185 °F) is the optimal temperature to serve coffee.
In 2006, they opened the first store in Sydney, Australia. A year later, the first store was built in Shanghai, China. With a rapid business expansion, the first store in US was opened in 2009 and Hong Kong in 2012.
It was listed on the Taiwan Stock Exchange in November 2010 with 3.85 million shares in its IPO.
Read more about this topic: 85C Bakery Cafe
Famous quotes containing the word history:
“Indeed, the Englishman’s history of New England commences only when it ceases to be New France.”
—Henry David Thoreau (1817–1862)
“Don’t give your opinions about Art and the Purpose of Life. They are of little interest and, anyway, you can’t express them. Don’t analyse yourself. Give the relevant facts and let your readers make their own judgments. Stick to your story. It is not the most important subject in history but it is one about which you are uniquely qualified to speak.”
—Evelyn Waugh (1903–1966)
“Every member of the family of the future will be a producer of some kind and in some degree. The only one who will have the right of exemption will be the mother ...”
—Ruth C. D. Havens, U.S. suffragist. As quoted in History of Woman Suffrage, vol. 4, ch. 13, by Susan B. Anthony and Ida Husted Harper (1902)