Inside Retail Asia breaking news, supplier information, product launches and consumer campaigns within the Philippines retail sector.
Philippines Latest News - Inside Retail Asia
The Philippines’ SM Group is boosting its retail unit by adding 10 new ‘Savemore’ supermarkets before the year ends. That would take the count to 112, says SM Supermarkets president Joey Mendoza. He said the expansion is aimed at banking in on the country’s steady population growth and Filipinos’ shifting buying preferences. SM also operates SM Supermarket and SM Hypermarket brand stores.
[:en]Robinsons Retail of the Philippines plans to acquire small chains to increase its competitiveness. The company, a retail arm of the Gokongwei family, plans to spend 26 billion pesos ($593 million) up to 2016, to buy grocery or pharmacy chains of three to eight outlets outside Metro Manila. President Robina Gokongwei-Pe says towns outside Manila present opportunity because the penetration of modern trade is still very low and people are looking for a better store environment,…
Taiwanese restaurant chain Hot Star has expanded into the Philippines, opening its first outlet in Manila. The chain, known for its huge deep-fried chicken breast fillets, is opening at the new Blue Bay Walk along Macapagal Avenue, just a few minutes away from SM Mall of Asia. In addition, dishes including rice meals, pasta, sandwiches, fish fillets and more, will be introduced to suit local palate. Businessman Richard Chua, owner of home grown Peanut Butter Company, will operate the Ta…
Rustan’s to end the year with 15 new stores.
Filipino property developer forms JV with supermarket operator Puregold.