Tuesday, May 26, 2020
(Source: Inside Retail Asia | 24 March 2016) A new Ray-Ban Manila pop-up store is the eyewear brand’s first in Asia. The pop-up, at the Greenbelt shopping centre in Makati, will showcase the Ray-Ban Aviators range. Originally designed for US military pilots...
(Source: ABS-CBN News | 22 March 2016) Tycoon John Gokongwei Jr. is taking a step back from his business empire, turning over more control to his son Lance Gokongwei. Gokongwei promised last year he would retire once he hit 90 years...
(Source: Business World | 16 March 2016) Metro Retail Stores Group, Inc. (MRSGI) expects another record year for the Visayan retail giant after earnings grew by a fifth on the back of its store expansion. The Gaisano-Led multi-format retailer told the stock...
(Source: Business Mirror | 11 March 2016) Billionaire Henry Sy, owner of the largest Philippine builder and retailer, has partnered with an online retailer backed by Germany’s Rocket Internet SE to target the rising number of consumers in the Southeast...
(Source: Inside Retail Asia | 10 March 2016) Philippine retail sales soared 6.3 per cent in the last quarter of 2015 – more than three times faster than the same period a year earlier. According to data from the Philippine Statistics...
(Source: Inside Retail Asia | 9 March 2016) Philippine property developer Megaworld Corp and its subsidiaries have earmarked P55 billion (US$1.172 billion) for capital spending in 2016 to boost commercial assets. Real estate tycoon Andrew Tan’s flagship property arm and subsidiaries...
(Source: Inquirer.net | 2 March 2016) An Ayala-Tantoco joint venture has sold the Wellworth department store retailing assets in Fairview Terraces Mall and UP Town Center Mall to Gaisano-led retailer Metro Retail Stores Group Inc. (MRSGI). The deal will allow MRSGI to...
(Source: The Manila Times | 1 March 2016) The Philippines’ biggest retail property developer is not at all bothered by the emergent e-commerce, not even considering the latter as a latent competitor but more as a shot in the arm. “I am...
(Source: The Manila Times | 1 March 2016) The business empire of the Philippines’ richest man, Henry Sy, whose diverse business is rooted in the retail industry, is bent on boosting another sector—education—by donating more buildings to established schools across the...
(Source: Business World | 29 February 2016) Henry Sy, Sr., the Philippines’ richest man, is merging his retail assets under SM Retail, Inc. that will form an even larger business with nearly 2,000 stores and more than P260 billion in...
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