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Philippines’ retail chain Puregold will open 25 outlets this year to boost its nationwide footprint. Parent company Puregold Price Club also plans to open four more S&R Membership warehouse stores. Planned locations include Metro Manila, Southern Luzon, and…
A deal that will take the Puregold store count to 324 in the Philippines has been approved by the Securities and Exchange Commission. It involves a merger for Puregold Price Club with three supermarket companies owned by Estenso Equities, its 50-50 JV with…
FamilyMart Philippines convenience-store chain, partly owned by the Ayala and Tantoco groups, is up for auction. With about 70 stores, the Japanese chain has been offered to prospective investors in the past few months. Ayala Land and the Rustan’s group, via…
Puregold Price Club has bought five supermarkets in Roxas City, its first move into the Western Visayas. This takes the group’s nationwide store network to 313. The cost of the acquisitions has not been disclosed. Puregold has been expanding outside Luzon…
There is not enough spending power to support the number of Philippine provincial malls being developed, warns a real estate expert. This follows a “fantastic” year for the property sector during which most major developers opened malls. “Retail has had an…
Three Filipino companies made it into Forbes’ list of 50 best-performing listed firms in Asia this year. Jollibee Foods Corp., Puregold Price Club, Inc. and Robinsons Retail Holdings Inc. were included among “Asia’s Fab 50 Companies,” compiled by Forbes…
According to retail analyst IGD, the Philippines is one of the fastest-growing countries in Southeast Asia, with its GDP growth hitting 6.9% in the first quarter of 2016, and further strong expansion predicted on the back of robust domestic consumption, rapid…
Global food and grocery specialist IGD visited Manila during the May 2016 presidential elections. Here IGD’s senior retail analyst, Jenny Li, examines what is giving the country’s retail sector such a positive outlook. The Philippines is one of the fastest…
Philippines grocery retailer Puregold Price Club says it is expanding into the remittances business. The company says the move will increase foot traffic and sales in its 239 stores across the nation. The remittance business allows local Filipinos to collect…
Puregold Price Club Inc. of retail tycoon Lucio Co is expanding its presence in Nueva Ecija and other provinces north of Metro Manila as it gobbles up more supermarkets and commercial properties owned by Nueva Ecija-based retailer NE Inc. Puregold told the…
