Hollys

KG Hollys F&B Co., Ltd
FormerlyHollys F&B Co., Ltd
Company typeSubsidiary
IndustryLifestyle
Founded1998; 26 years ago (1998)
Headquarters
Jung-gu, Seoul
,
South Korea
Area served
South Korea, Peru, Philippines, United States, Malaysia, China, Thailand, Vietnam
Key people
Shin Yoo-jeong (CEO)
ProductsCoffee, baked goods
ParentKG Inicis (KG Group)
WebsiteOfficial website

KG Hollys F&B Co., Ltd, trading as Hollys (Korean: 할리스; RR: Halliseu) and known until March 2021 as Hollys Coffee (Korean: 할리스 커피; RR: Halliseu Keopi), is a South Korean lifestyle and specialty coffee company part of the KG Group. The company was established in 1998 and opened South Korea's first espresso shop that year. Its shops offer espresso, coffee, tea, specialty coffee- and tea-based hot and cold drinks, a variety of pastries and other snacks and coffee supplies. By 2008 there were more than 100 Hollys Coffee shops in the country, and the franchise had expanded with additional stores in China, Thailand, Vietnam and Malaysia.

History

Hollys Coffee opened its first store in May 1998 in Gangnam-gu, Seoul.[1] It expanded rapidly and opened its 100th store in May 2006 in Gangnam Station. Its first international store was in the US and opened April 2008 in Los Angeles. It opened its 200th store in May 2009. The Hollys Coffee Academy was opened in April 2011. Continuing to expand overseas its first store in the Philippines was opened in July 2011, the first store in China was opened in July 2012 in Shenzhen.[2] and its first store in Thailand opened in 2013 in Bangkok[3]

In October 2020, KG Inicis (a KG Group affiliate) through a special purpose company, Crown F&B, acquired a 93.8% stake in Hollys F&B (the Hollys Coffee company) from IMM Private Equity, a private equity fund manager.[4][5]

In March 2021, the company removed "Coffee" from its trade name and relaunched it as a "lifestyle brand". A revised logo and a new slogan were also introduced.[6]

See also

References

  1. ^ "Hollys Coffee". Archived from the original on 2013-09-13. Retrieved 2012-04-21.
  2. ^ "Hollys opens 3rd franchise in China". The Korea Times. 19 May 2013. Retrieved 4 June 2013.
  3. ^ "할리스커피, 태국 방콕에 1호점 개장". Asian Economy. 21 August 2013. Retrieved 7 August 2018.
  4. ^ Kim, Yoon-joo (28 September 2020). "KG그룹, 할리스커피 1450억원에 인수" [The KG Group to acquire Hollys Coffee for ₩145 billion]. The Hankyoreh (in Korean). Retrieved 5 September 2022.
  5. ^ Park, Seong-eun (2 November 2020). "KG그룹 인수 '할리스커피' 재도약 다짐…신유정 대표 선임" [KG Group's acquisition of Hollys Coffee vows to take another leap - Appointed CEO Shin Yoo-jeong]. Shin-A Ilbo (in Korean). Retrieved 5 September 2022.
  6. ^ Lee, Seung-jin (15 March 2021). "KG그룹 만난 할리스, '커피' 떼고 라이프스타일 브랜드로 재도약" [Hollys, which entered the KG Group, gave up "coffee" and took another leap forward as a lifestyle brand]. Asian Economy (in Korean). Retrieved 5 September 2022.
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