Gokongwei group planning IPO for retail unit
By Doris C. DumlaoThe Gokongwei group plans to bring its privately held retail arm to public hands this year—an exercise that may raise as much as $800 million, newswire Bloomberg reported Friday.
The Gokongwei group plans to bring its privately held retail arm to public hands this year—an exercise that may raise as much as $800 million, newswire Bloomberg reported Friday.
Select Macy’s locations in the U.S. will honor the contributions of Asian-Pacific Americans to American culture and pop music by hosting the platinum-selling Far East Movement (FM) in performances and appearances in six markets across the country in commemoration of Asian Pacific Heritage Month.
Retailer Puregold Price Club Inc. has settled a P5.09-billion debt issue ahead of maturity as a change in the tax treatment on proceeds from these securities will otherwise make debt servicing costlier than originally envisioned.
Thailand’s richest tycoon on Tuesday launched a $6.6 billion takeover bid for Thai discount retailer Siam Makro as rapid economic growth drives a boom in the kingdom’s retail sector.
Banking on the rising affluence of the Philippines’ middle class, Japanese retailing giant FamilyMart Co. Ltd. unveiled Monday an aggressive expansion program that will see the convenience store chain open up to 40 new stores around Metro Manila this year.
Seaoil Philippines, an independent fuel retailer, is spending another P1.1 billion this year to further expand its retail network. The goal is to reach a total count of 400 stations by the end of 2013.
Employees of an energy agency that figured prominently in news in the past weeks are quietly agonizing over the current leadership’s “tactics” of allegedly pushing some of the agency’s brightest minds to the edge and to the point of resignation, all for being associated with the previous leadership.
One of the largest food and drug retailers in the United States is keen on expanding its operations in the Philippines, the Department of Trade and Industry (DTI) yesterday said.
Swiss-based food giant Nestle warned Thursday that business was likely to be tough this year, after its 2012 results showed a slowdown in growth in emerging markets.
PTT Philippines Corp., the local subsidiary of Thailand’s biggest oil firm, is beefing up its presence in the country as it plans to spend about P400 million this year for the expansion of its retail station network.
Uniqlo is expanding its store network in the Philippines to meet strong demand for its products, according to Katsumi Kubota, COO of Fast Retailing Philippines Inc.
The operator of cheap-chic clothing giant Uniqlo said Thursday that steady winter-clothing sales helped boost its latest quarterly net profit by 23.5 percent from a year ago.
