Posted October 01, 2018 12:15:14The family business institute, known as FAMI, is seeking approval to operate in Hawaii after it announced its plans to open a store in the state.
FAMI is based in Hawaii, but it plans to expand to other states in the coming months, including California, Washington and Oregon.
“We are excited to announce our first Hawaii store is currently in progress,” FAMI President and CEO John McQuaid said in a statement.
“The FAMI family is based here in the Bay Area and has built a successful brand of family owned, family owned business.”
FAMI was founded by McQuam, who grew up in the San Francisco Bay Area.
It has stores in San Francisco, Seattle and New York City.
McQuaid has said the FAMI store will be an outlet for its business and provide a source of income for the McQuams.
FAMi is based on McQuade’s original idea of expanding into the U.S. with its family-owned operation.
McQaid told The Associated Press in September that he believes the FAMIs “biggest growth opportunity” is the U of T campus.
The family has said its goal is to open stores in other cities in the U, but has yet to confirm plans.
FAMIs sales are expected to double to $1.2 billion this year, and to triple next year.
Mcquaid is the latest in a series of Silicon Valley entrepreneurs who have joined the family business.
The family’s first U.K.-based store opened in 2014 and is based at the family’s new San Francisco headquarters.