85C Bakery Cafe - History

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:

    No one is ahead of his time, it is only that the particular variety of creating his time is the one that his contemporaries who are also creating their own time refuse to accept.... For a very long time everybody refuses and then almost without a pause almost everybody accepts. In the history of the refused in the arts and literature the rapidity of the change is always startling.
    Gertrude Stein (1874–1946)

    When the history of this period is written, [William Jennings] Bryan will stand out as one of the most remarkable men of his generation and one of the biggest political men of our country.
    William Howard Taft (1857–1930)

    Every library should try to be complete on something, if it were only the history of pinheads.
    Oliver Wendell Holmes, Sr. (1809–1894)