Tag Archives: Puregold

Puregold to open 25 stores this year

puregold

(Source: Business World | January 2, 2018) Puregold Price Club, Inc. will continue the expansion of its supermarket business in 2018 as it plans to open 25 new stores. “We plan to roll out 25 new Puregold stores in 2018,” Puregold Vice-President for Investor Relations John Marson T. Hao said in an e-mail. This will be the same number of ...

Read More »

Puregold gets nod for triple merger

puregold

(Inside Retail Philippines | November 28, 2017) 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 Ayala Land: Daily Commodities, First Lane Super Traders and Goldtempo Company. ...

Read More »

Puregold holds 4th KAINdustriya convention

puregold

(Source: Manila Bulletin | September 18, 2017) Food entrepreneurs are treated for a two-day event filled with discounts, negosyo packs, business talks, giveaways, fun, games, and entertainment in the 4th KAINdustriya Food Business Convention organized by one of the country’s leading retail company, Puregold Price Club which is slated today until tomorrow (September 19-20) at the World Trade Center, Pasay ...

Read More »

Groceries boost Cosco Capital profits

16092993

(Source: Inside Retail Philippines | 7 April 2017) Cosco Capital, the retail holding firm of businessman Lucio Co, says its net income grew by 7 percent last year to P7.5 billion (US$149.5 million), while revenues rose 10 percent to P129.2 billion. Its grocery businesses, headlined by Puregold Price Club and S&R Membership Shopping Club, contributed 59 percent of total profits, ...

Read More »

Puregold parent reaps rewards

puregold

(Source: Inside Retail Philippines | 16 November 2016) Puregold parent Cosco Capital has recorded 7.5 per cent growth in its nine-month net profit attributable to equity holders of P3.24 billion (US$65.7 million) through higher earnings from its retailing, real estate and liquor distribution business. Its flagship grocery chain Puregold Price Club had a consolidated net income of P3.65 billion for ...

Read More »

Jollibee, Puregold, RRHI on Asia’s “Fabulous 50” list

Forbes Fab 50

(Source: Philippine Daily Inquirer | 25 August 2016) Homegrown fast-food giant Jollibee Foods Corp., grocery chain operator Puregold Price Club and multi-format retailer Robinsons Retail made it to Forbes Asia magazine’s “Fabulous 50” List of the region’s best publicly traded big companies. These three Philippine companies are part of the 2016 annual honor roll highlighting some of the brightest stars in ...

Read More »

Puregold forays into online shopping

Puregold 25th anniversary: Puregold kicked off yesterday its 11th Aling Puring sari-sari convention at the World Trade Center to show support to its store owners as part of its 25th anniversary celebration. In photo (from left) are Puregold president Susan Co, chairman Lucio Co and president Vincent Co during the opening of the five-day event which runs until May 22. MIKE AMOROSO

(Source: The Philippine Star | 19 May 2016) Puregold Price Club Inc. of retail tycoon Lucio Co is venturing into e-commerce to capitalize on the popularity of shopping using the Internet. Puregold president Vincent Co said the company’s foray into online shopping would start initially with Tindahan ni Aling Puring (TNAP) members who are mostly sari-sari store owners. “We want ...

Read More »

Demand drives Puregold, Metro Retail earnings up in Q1

index

(Source: BusinessWorld | 13 May 2016) Lucio L. Co-owned Puregold Price Club, Inc. and Gaisano-led Metro Retail Stores Group, Inc. rode strong consumer demand to higher earnings in the three months ending March, according to separate disclosures to the stock exchange on Friday. Puregold, the country’s second largest grocery operator, increased its net profit by nearly a tenth to P1.15 ...

Read More »

Puregold Price Club eyes smaller players

puregold

(Source: Inside Retail Philippines | 11 May 2016) Puregold Price Club wants to take over smaller supermarket operators to expand its store network outside Luzon. Puregold Director Leonardo Dayao said the grocery retailer continues to talk with supermarket owners, offering a multiple of “8-12 times of the net income we think we can make out of it.” “We’re still not ...

Read More »

Cosco Capital nets P4.49B

Coco-6

(Source: Philippine Daily Inquirer | 18 April 2016) Retail tycoon Lucio Co-led conglomerate Cosco Capital Inc. grew its net profit last year by 12 percent to a record P4.49 billion, mostly driven by the strong performance of the flagship grocery business under Puregold Price Club. “With continued economic growth and strong consumer sentiments, we believe that we can achieve another ...

Read More »
Copyright @ 2014 Philippine Retailers Association. | Powered by MediaBlast Digital Corp.