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One of the mall’s first establishments was a Magnolia-franchised ice cream parlor named Magnolia Flavor House, which operated from 2012 to 2017, as a fitting homage to the property’s roots. [ 3 ] In July 2002, SMC gained full ownership of the company after NZDB divested its stake. [ 4 ]
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The history of the Magnolia brand can be traced back to 1899 when an American by the name of William J. Schober arrived in the Philippines as a cook in the United States Army. [citation needed] After the Philippine–American War, Schober would remain in the Philippines and introduced the "magnolia pie", "magnolia ice cream" and "magnolia ice ...
In April 2024, the number of stores increased to 630 (all in Luzon), with plans have a total of 950 stores by the end of the year. [ 8 ] In July 2024, Hard Discount Philippines Inc. (HDPI) reported cumulative losses of ₱ 3.26 billion over three years since opening its first store in the Philippines, according to a financial statement filed ...
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In the first nine months of 2023, the company sold around 442 million ice cream cones in China. [7] 2007: Mixue Ice Cream & Tea opens a new ice cream shop, and the business begins the process of franchising to different locations. 2008: In response to the increasing number of franchises, Mixue Ice Cream & Tea Trading Co., Ltd. is established. [14]