Topic
35 stories in this topic
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…
Robinsons Department Store, in partnership with the Department of Trade and Industry (DTI) opens today the first Go Lokal! store in Robinsons Place Manila. Robinsons Department Store, an affiliate of Robinsons Retail Holdings Inc., is the first mainstream…
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…
Thailand’s foreign direct investment into Vietnam has been increasing sharply in recent years, according to a survey report by researcher Pittaya Suvakunta from Thailand’s Thammasat University Suvakunta’s report on Thai FDI in Vietnam was circulated at an…
After 174 years, John Little is closing its last department store in Singapore. The remaining outlet at Plaza Singapura will shutter by the end of next month. In a statement on Friday, Robinsons Group – which manages John Little, the oldest department store…
Listed Philippine property developer Double Dragon plans to build a network of 100 neighbourhood style shopping malls across the Philippines by 2020. The company has already opened eight CityMall centres and secured 53 sites to date. The new centres will…
Singapore Retailers Association (SRA) is launching the inaugural Singapore Golden Week (SGW), a lifestyle event to be held over three weekends from September 30 to October 16. Its aim is to heighten Singapore’s appeal as a lifestyle destination with a suite a…
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…
Robinsons Retail Holdings Incorporated has acquired a majority stake in De Oro Pacific Home Plus Depot, a big box builders hardware depot with 3-store chain in Northern Mindanao. The Gokongwei-led firm told the Philippine Stock Exchange that its subsidiary…
Robinsons Retail Philippines has announced it will add 200 stores, mostly convenience stores and supermarkets. The boost in its retail chain will add to its existing 1506 stores. For 2016, Robinsons Retail Holdings has earmarked P5 billion in capital…
Soon all SM’s retail-related businesses will come under a single umbrella company. The planned SM Retail consolidation is expected to boost sales by 16.6 per cent to Php251 billion. SM Investments Corp, Henry Sy’s holding company, said in an investor…
Robinsons Retail has acquired a 51 per cent controlling interest in The Generics Pharmacy (TGP), the Philippines’ largest and fastest growing generics drugstore chain. The acquisition of TGP’s over 1800 stores, combined with South Star Drug, will take the…
The company’s planned capital expenditures in 2016 is a 59 per cent increase from the P3.1 billion it spent in 2015. Robinsons Retail said expects to reach more than 200 stores in 2016 and would continue to explore merger and acquisition opportunities. “We…
Robinsons Philippines has reported a 21.9 per cent increase in net income in 2015 to P4.3 billion ($90 million) on the back of same-store sales growth and sales from newly opened stores. Same-store sales growth for Robinsons Retail Holdings grew 4.1 per cent…
The Philippines’ second wealthiest man according to Forbes, John Gokongwei Jr, has retired as chair and CEO of Robinsons Retail Philippines. Robinsons Retail covers supermarkets and household brands such as Toys ‘R’ Us, True Value and Mini Stop. Gokongwei,…
Taipan John Gokongwei Jr., the country’s second richest man according to Forbes, has stepped down as chairman and CEO of Robinsons Retail Holdings Inc. (RRHI), which is in charge of the family’s retail business which include supermarkets and household brands…
