Robinsons Retail acquires 20% stake in beauty website

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.