Robinsons Retail acquires 20% stake in beauty website
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Multi-format retailer Robinsons Retail Holdings has acquired a 20 per cent stake in Taste Central Curators, which runs Filipino e-commerce site BeautyMNL.
Robinsons Retail has taken 1 million shares of the online store, which sells a range of beauty products including makeup, skincare and haircare.
Financial details of the deal have not been disclosed as the transaction amount was less than 10 per cent of Robinsons stockholders’ equity.
Robinsons Retail has six business segments: supermarkets, department stores, do-it-yourself stores, convenience stores, drugstores and specialty stores. Its brand names include Costa Coffee, Daiso Japan, Handyman Do it Best, Ministop, South Star Drug, The Generics Pharmacy, Topman, Topshop, Toys R Us and True Value.
Questions & Answers
Q.What is the name of the online store Robinsons Retail Holdings has invested in?
What is the name of the online store Robinsons Retail Holdings has invested in?
Robinsons Retail Holdings has acquired a 20 per cent stake in Taste Central Curators. This company operates the Filipino e-commerce site BeautyMNL, which focuses on beauty products such as makeup and skincare.
Q.Why were the financial terms of this acquisition not made public?
Why were the financial terms of this acquisition not made public?
The financial details of the deal were not disclosed because the transaction amount was less than 10 per cent of Robinsons stockholders’ equity. This threshold means public disclosure is not legally required.
Q.What types of products does BeautyMNL sell online?
What types of products does BeautyMNL sell online?
BeautyMNL is an e-commerce site that specialises in a range of beauty products. These offerings include various items for makeup, skincare, and haircare, catering to a diverse customer base.
Q.Which business segments does Robinsons Retail Holdings operate within?
Which business segments does Robinsons Retail Holdings operate within?
Robinsons Retail Holdings operates across six main business segments. These include supermarkets, department stores, do-it-yourself stores, convenience stores, drugstores, and specialty stores, demonstrating a broad retail presence.
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