Grupo SolPanamby, the owner of Octavio Café, decided to end the operations at Faria Lima and Shopping Cidade Jardim units. Shopping Eldorado unit was no longer operating since December.
Octavio Café (octaviocafe.com.br), which belongs to Grupo SolPanamby, a business group owned by the family of Orestes Quércia, former Governor of the State of São Paulo, announced yesterday, through a social network statement, the end of operations of its coffee shops in São Paulo at Avenida Faria Lima and Shopping Cidade Jardim units.
The two units of Octavio Café located at Viracopos airport are still operating normally, probably due to the proximity with O’Coffee farms, where the coffees are produced, thanks to the constant flow of foreign buyers of its premium coffees.
According to the network’s chief operating officer, there is still no decision on the shutdown of these units. According to the spokesman, the group is already negotiating a new destination for the Faria Lima property, inaugurated in 2007, which is considered the largest coffee shop in Latin America.
The online Veja magazine published a note yesterday, 8th of July, stating that the Quércia family had broken up its communication operations, including a network of radio and TV stations, NovaBrasil FM, Nova FM and Rádio Central, TVB Campinas and TVB Litoral. Apparently, the agricultural branch of the family business will be preserved.
In a statement posted on social networks yesterday, the group says that “the crisis generated by the pandemic and the unstable scenario of the reopening of the units were determining factors for the decision to close the spaces”.
Credit: Octavio Café
