Thursday, June 4, 2020
(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...
(Source: Rappler | 26 February 2016) Being the site for the common station of North-South Railway project, Tutuban Center will be strategic for property developer Ayala Land. Ayala Land, Incorporated has finalized the acquisition of a majority stake in Prime Orion...
(Source: Sun Star Cebu | 21 February 2016) The retail sector is feeling the rush from the continuing growth of the Central Visayan economy, which is still expanding faster than the national average, an official of the National Economic and...
(Source: Philippine Daily Inquirer | 20 February 2016) Shangri-La at the Fort, which opens March 1, is totally different from the first two properties in Mandaluyong and Makati that are mainly hotels with several F&B outlets. Since it’s marketed and designed...
(Source: Sun Star Davao | 14 February 2016) A homegrown mobile phone distributor and retailer 8Telcom Inc. is eyeing four more branches in Davao City starting this year to take advantage of the growing market for smartphones in the city. Two of...
(Source: The Manila Times | 12 February 2016) Stock broker First Metro Securities Brokerage Corp. is targeting to attract a good portion of the retail investor market which is expected to see exponential growth in the next few years amid...
(Source: Cebu Daily News | 11 February 2016) Listed Cebu-based retailer Metro Retail Stores Group, Inc. is starting to implement an aggressive expansion program that will bring its network to 100 stores in five years. The biggest retailer in the Visayas plans...
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