Cosco buys Office Warehouse

The Philippines’ Cosco Capital has acquired 100 per cent of Office Warehouse, a retailer of office and school products.

The 15-year-old Office Warehouse has 47 stores in Manila.

“The acquisition of Office Warehouse is in line with Cosco Capital’s thrust to diversify into specialty retail business,” said president Leonardo Dayao.

It complements its investment in food retailers Puregold Supermarkets and S&R Membership Shopping.

Cosco Capital, the listed holding firm of businessman Lucio Co, is involved in liquor distribution, commercial real estate and oil storage business.

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