Lawson Philippines set for debut
In this article (5)
Lawson Philippines will launch later this month with the first of 500 stores planned in a partnership with local retailer Puregold Price Club.
Puregold will own 70 per cent of the joint venture partnership with the Japanese convenience store retailer, which will hold the remaining 30 per cent.
The company has yet to reveal the location of the first store, but Investor Relations Officer John T. Hao confirmed in an interview with Business World Online that construction is underway on the first five stores.
The supermarket company says it has allocated P500 million on rolling out the first 50 to 100 Lawson stores this year.
The Lawson Philippines network will initially be focused on metro Manila, mostly in the university belt and business districts.
Questions & Answers
Q.What is the ownership structure of the new Lawson Philippines venture?
What is the ownership structure of the new Lawson Philippines venture?
Puregold Price Club will hold a 70 per cent stake in the joint venture. The Japanese convenience store retailer Lawson will own the remaining 30 per cent of the partnership.
Q.How many Lawson stores are planned for the initial rollout and how much capital has been allocated?
How many Lawson stores are planned for the initial rollout and how much capital has been allocated?
The supermarket company plans to roll out 50 to 100 Lawson stores this year. It has allocated P500 million for this initial expansion.
Q.Where will the initial Lawson Philippines stores be located?
Where will the initial Lawson Philippines stores be located?
The initial Lawson Philippines network will primarily focus on metro Manila. Stores will mostly be situated in the university belt and business districts.
Q.Who confirmed that construction has begun on the first few stores?
Who confirmed that construction has begun on the first few stores?
John T. Hao, the Investor Relations Officer, confirmed in an interview with Business World Online that construction is underway on the first five stores planned for the launch.
Reader pulse
What is your outlook for Lawson Philippines?
19,294 votes so far