Instead of giving tax perks to businesses cashing in on the tourism windfall, Finance Secretary Cesar Purisima prefers to fund infrastructure projects meant to improve access to tourist destinations
Puregold buys 2 grocery chains
MANILA, Philippines - Two more supermarket chains will be added to the portfolio of Puregold Price Club Inc., owned by businessman Lucio Co.
Puregold said in a Philippine Stock Exchange disclosure Monday, January 14, it is buying Company E Corp., which owns 4 Eunilaine and 11 Grocer E stores.
The stores are located in Metro Manila (7 stores), Rizal (6) and Cavite (2).
Puregold has 156 stores as of 2012, consisting of 131 Puregold hypermarkets and supermarkets; 19 Parco supermarkets; and 6 S&R warehouse membership shopping clubs.
The company is eyeing to open 25 new Puregold stores and one S&R shopping center this year, while its Parco stores will be rebranded into Puregold. - Rappler.com
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