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:
“History takes time.... History makes memory.”
—Gertrude Stein (1874–1946)
“The history of American politics is littered with bodies of people who took so pure a position that they had no clout at all.”
—Ben C. Bradlee (b. 1921)
“To history therefore I must refer for answer, in which it would be an unhappy passage indeed, which should shew by what fatal indulgence of subordinate views and passions, a contest for an atom had defeated well founded prospects of giving liberty to half the globe.”
—Thomas Jefferson (1743–1826)