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So Europe’s largest carmaker, Volkswagen AG, is back in the Philippines … but only with diesel-powered models.

Posted: September 29th, 2013 in Headlines | Read More »

Puregold sets up subsidiary for minority investments in other food retail firms

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FILE PHOTO

Retailer Puregold Price Club is setting up a new subsidiary to hold investments in other food retailing businesses as the flagship firm of businessman Lucio Co remains on the prowl for new prospective grocery chain acquisitions.

Posted: July 3rd, 2013 in Latest Business Stories | Read More »

Co firm raising $450M from follow-on offering

Cosco Capital, the conglomerate led by grocery magnate Lucio Co, has firmed up plans to tap the local capital market through a follow-on equity offer or re-initial public offering estimated at $450 million.   Cosco and its key asset, Puregold Price Club, went on voluntary trading suspension at the Philippine Stock Exchange yesterday as Cosco [...]

Posted: May 30th, 2013 in Headlines | Read More »

Puregold forges card deal with Metrobank

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FILE PHOTO

Puregold Price Club Inc. is offering small business members access to credit through Metrobank to complement its nationwide expansion, officers said at the convention for grocery chain members at the World Trade Center in Pasay City.

Posted: May 27th, 2013 in Latest Business Stories | Read More »

Puregold buys operator of Eunilaine, Grocer E marts

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Businessman Lucio Co-led Puregold Price Club has gobbled up another retailing peer that operates the Eunilaine foodmarts and Grocer E supermarkets, adding 15 new stores to its fast-growing network.

Posted: January 14th, 2013 in Latest Business Stories | Read More »

Puregold 9-month profit up 67%

INQUIRER FILE PHOTO

MANILA, Philippines—Supermarket chain Puregold Price Club Inc. saw its profit rise by two thirds in the first nine months of the year, following the rapid expansion of its business around the country.   The company said that for the quarter ending September 30, total net sales reached P39.14 billion, an increase of 45.2 percent from [...]

Posted: November 16th, 2012 in Latest Business Stories | Read More »

Puregold eyes upsize of debt notes sale to P8B

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INQUIRER FILE PHOTO

Retailer Puregold Price Club may upsize its planned sale of debt notes to selected institutional investors to P8 billion from a base offer of P5 billion.

Posted: September 27th, 2012 in Latest Business Stories | Read More »

Puregold eyes P5B debt offer

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INQUIRER FILE PHOTO

Retailer Puregold Price Club Inc. is planning to debut on the local debt market through the sale of as much as P5 billion in debt paper to a select group of institutional investors.

Posted: September 25th, 2012 in Latest Business Stories | Read More »

Arisaig Asia invests P2.24B in 7-Eleven store chain

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British Virgin Island-based Arisaig Asia Consumer Fund has invested around P2.24 billion to acquire a 9.23 percent stake in the Philippine Seven Corp. (PSC), the country’s largest convenience store chain.

Posted: September 20th, 2012 in Latest Business Stories | Read More »

Puregold nets P1B in 1st half of 2012

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INQUIRER FILE PHOTO

Grocery chain operator Puregold Price Club grew its first-semester net profit by 32 percent year-on-year to P1.03 billion as new acquisitions and store openings boosted sales.

Posted: August 15th, 2012 in Latest Business Stories | Read More »

Puregold vows to support small entrepreneurs

Puregold Price Club Inc., one of the country’s leading supermarket chains, is committed to support the sari-sari store sector as it once again gathers store owners during the 7th Tindahan ni Aling Puring Convention from May 16 to 19.

Posted: May 7th, 2012 in Headlines | Read More »

Puregold nets P469M in Q1

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Retailer Puregold Price Club grew its first-quarter net profit by 24.5 percent to P469 million year on year as robust domestic consumer spending and new store openings sustained a double-digit growth in sales.

Posted: April 24th, 2012 in Latest Business Stories | Read More »

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