Japanese retailing chain FamilyMart, a retail store chain brought to the Philippines by the Ayala and Rustans groups, plans to scale up its operations to hit 300 stores over the next five years.
The local stock market carved a new record-high finish on Tuesday as investors loaded up on large-cap stocks on good prospects for the coming year.
The operator of the 7-Eleven chain in the country grew its first-semester net profit by 38.3 percent to P164.3 million year on year as it opened more convenience stores while resilient domestic spending boosted sales of each store.
