By Philstar
Ministop Philippines is now Uncle John’s, as part of its ownership change after the Gokongwei Group bought out its Japanese partner in the convenience store chain earlier this year.
The Gokongwei-led retail arm Robinsons Retail Holdings Inc. (RRHI), through its wholly owned subsidiary Robinsons Supermarket Corp., acquired the remaining 40 percent stake of Ministop Japan in Robinsons Convenience Store Inc., increasing its share to 100 percent from 60 percent previously.
It paid P200 million to buy out its Japanese partner.
The new name banked on the popularity of the store’s Uncle John’s Fried Chicken, a statement from the Gokongwei group said.
“It is also a celebration of the legacy of the late founder, Mr. John Gokongwei Jr. of Robinsons Retail, the holding company of the convenience store chain,” it said.
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