(Source: Tha Standard | November 30, 2015)
Real estate billionaire and former senator Manuel Villar is expanding his retail business by opening 12 new outlets of home furnishing brand All Home in 2016.
Villar said during the recent opening of All Home branch in Quezon City the company secured 12 new sites for All Home stores to end 2016 with a total of 20 outlets.
Excluding inventories, each All Home store, with an average size of 9,000 square meters, would cost as much as P300 million to build, he said.
Villar said while most new outlets would be located in Metro Manila, All Home would also expand to other areas including Iloilo, Cagayan de Oro, Bulacan and Batangas.
The company is also in the process of expanding two existing All Home outlets in San Fernando, Pampanga and San Jose Del Monte, Bulacan.
“We hope to end 2016 with 20 stores,” Villar said.
Villar earlier said he planned to list his retail business, once the store count reached 30 or 40 by 2018.
Villar said the retail venture would complement the residential business under Vista Land & Lifescapes Inc., as it offers home furnishings, appliances and furnitures to home buyers.
Villar said competitors in the market were starting to notice and closely watch All Home’s aggressive expansion plan. “That is good because they are noticing us,” he said.
The newest All Home store in the four-story Vista Place, formerly called Wil Tower Mall, is located along Eugenio Lopez Drive in Quezon City. This is All Home’s first branch in Quezon City.
Villar said the company decided to put an All Home branch in Quezon City because of the huge residential market and growing business community in the area.
Launched in August of 2013, All Home is a one-stop shop for all home needs whether one is a homeowner, builder or contractor.
— By Jenniffer B. Austria