Tag Archives: Supermarket

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 ...

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Most Filipino consumers still rely on traditional channels to obtain fast-moving goods

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(Source: Business Mirror | December 24, 2014) While major mall developers in the country are aggressively expanding to other retail formats, such as hyper and supermarkets, Filipino shoppers still turn to their trusted sari-sari, or neighborhood variety stores, and nearby market stalls, as they still consider traditional channels as the No. 1 shopping destination for fast-moving consumer goods (FMCG). Based ...

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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. ...

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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 ...

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F&B sector helps fuel retail space demand in Cebu

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(Source: Cebu Daily News | September 8, 2017) The entry of internationally-recognized brands and the aggressive expansion of homegrown restaurant chains in Cebu are seen to continue driving the absorption of retail space demand in the country’s second largest urban hub. This, coupled with the Filipinos’ love affair with dining, is poised to sustain the food and beverage (F&B) segment’s ...

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Philippines set to be Asia’s fifth largest retail grocery market

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(Source:  Inside Retail Philippines | August 10, 2017) The Philippines will soon be the Asia’s fifth largest retail grocery market, according to data released today. Speaking on the first day of NRCE, the 24th National Retail Conference in the Philippines, today, IGD Asia-Pacific program director Shirley Zhu said the market will grow by an average of 9.3 per cent year-on-year ...

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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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SM buys Cherry’s 3 grocery outlets

Cherry Foodarama

(Source: By Jenniffer B. Austria | Manila Standard Today | Jun. 08, 2015) The group of tycoon Henry Sr. has acquired supermarket chain Cherry Foodarama, considered one of the pioneers in the domestic retail industry, in a move that is expected to further strengthen the conglomerate’s leading position in the business. Informed sources said the Sy Group acquired three supermarkets under ...

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Ayala-Co supermarket joint venture to open June or July

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(Source: By Richmond Mercurio (The Philippine Star) | Updated May 18, 2015) The maiden supermarket venture of the Ayala family and businessman Lucio Co – two of the country’s richest – is set to materialize as early as next month with the opening of its first branch in Quezon City. Puregold Price Club Inc. president Leonardo B. Dayao told The STAR ...

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