Tag Archives: Puregold

Puregold parent reaps rewards

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(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 ...

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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 ...

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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 ...

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Demand drives Puregold, Metro Retail earnings up in Q1

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(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 ...

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Puregold Price Club eyes smaller players

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(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 ...

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Cosco Capital nets P4.49B

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(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 ...

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Puregold to spend P2.6B for 2016 expansion plans

puregold

(Source: The Manila Times | December 11, 2015) Retail giant Puregold Price Club. Inc. will be spending P2.6 billion next year for expansion, officials said on Friday. John Marson Hao, vice-president for investor relations, told reporters that they were allocating P1 billion in capital expenditures (capex) for the construction of additional Puregold stores, P1 billion for two S&R Membership Shopping stores, ...

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Lucio Co’s Puregold acquires BudgetLane supermarket chain

STRATEGIC. The 8 newly acquired BudgetLane commercial supermarket are strategically located in prime areas of Metro Manila and Luzon and will serve as a key component to the growth and expansion strategies of Puregold.

(Source: Rappler.com | Aug. 7, 2015) Lucio Co-owned supermarket chain Puregold Price Club Incorporated reported on Friday, August 7, that it has acquired 8-store supermarket chain BudgetLane for an undisclosed amount. In a disclosure to the stock exchange, Puregold said it made its second acquisition for this year hrough its wholly owned subsidiary Goldtiempo Company Incorporated. Puregold did not disclose ...

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New supermarket to open in Ayala malls

supermarket

(Source: Manila Standard Today | Jul. 12, 2015) A 50-50 joint venture between Ayala Land Inc. and Puregold Price Club Inc. will soon launch a new retail brand called “Merkado Supermarket.” Mekardo Supermarket, which needs board approval from both companies, will be based in Ayala-run shopping malls and will target the middle-income segment. The strategy of building mall-based supermarkets will ...

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Puregold ventures into remittance business

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(Source: The Philippine Star | By Richmond S. Mercurio | July 9, 2015) Puregold Price Club Inc., the grocery unit of retail magnate Lucio Co, is venturing into the remittance business with the introduction of PurePadala. In a press briefing yesterday, Puregold president Vincent Co said the country’s second largest grocery operator is going full swing this month with its ...

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