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