SM in bid for Cherry Foodarama

Jun 15, 2015Updated May 28, 20251 min read

Philippines retail conglomerate SM says it’s in talks to purchase grocery retailer Cherry Foodarama.

In a disclosure to the inventory trade, SM Investments stated the 2 corporations are planning to enter right into a three way partnership, topic to agreeing on phrases.

SM additionally operates in a JV association with Waltermart and rival retail big Ayala Group has a partnership with Puregold.

Cherry Foodarama was based within the 1950s and is seen as one thing of a pioneer within the Philippines grocery enterprise. It has three shops in metro Manila – at Quezon Metropolis, Antipolo Metropolis and Mandaluyong.

If the deal is sealed, it might take SM’s grocery retailer community to 232, the prevailing shops working underneath the SM Grocery store, Hypermarket, Savemore and Waltermart manufacturers.

Puregold Worth Membership has 254 shops nationwide.

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Mei Ling Tan

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Mei Ling Tan is the Editor of Retail News Asia, where she leads the editorial team in delivering in-depth coverage of Asia’s dynamic retail landscape. With over a decade of experience in business journalism, Mei Ling is known for her sharp analysis, deep industry insights, and commitment to uncovering the stories behind Asia’s most innovative retail brands. Before joining Retail News Asia, Mei Ling held senior reporting roles at regional business publications, covering everything from consumer trends to digital transformation in retail. A graduate of the National University of Singapore with a degree in Communications and New Media, she combines journalistic integrity with a strong understanding of evolving market forces. Outside the newsroom, Mei Ling is a frequent speaker at industry panels and a mentor for young journalists.

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