Puregold news

04 February 2019
The Philippines’ second largest retailer is expanding towards new geographic locations by opening stores and acquiring grocery retail chains nationwide. New stores opening The group is to open 25 more stores and four S&R membership warehouse stores this year. The four S&R membership warehouse stores to be opened this year will be located in Metro Manila, Southern Luzon and outside Metro Man...
27 April 2018
Puregold, which operates Lawson convenience stores in the Philippines, has agreed to return its 70% stake in the business back to its Japan-based partner, Lawson. Uncertainty at Lawson in the Philippines In 2014, Puregold partnered with Lawson to setup PG Lawson, which in turn operated Lawson convenience stores across the the Philippines. It had originally targeted 500 stores by 2020, but e...
28 November 2017
The Securities and Exchange Commission (SEC) has approved a deal that will lead to the merger of Puregold Price Club (Puregold) and three acquired grocery chains in the Philippines. The deal... Under the deal, Puregold will issue paid-in capital of up to PHP922.7m (US$10.9m), and also pay for PHP14.5m (US$287,855) common shares. The merger will see the three Estenso Equities supermarket com...