MANILA – The competition between the country’s two biggest retailers
is heating up with Puregold Price Club set to acquire the owner and
operator of the Eunilaine food mart and Grocer E supermarket.
Puregold's acquisition of the retailer came on the heels of the SM
group's announcement last week that its subsidiaries SM Retail Inc and
SM Prime Holdings Inc have entered into a joint venture agreement with
the Waltermart Group.
In a disclosure to the Philippine Stock Exchange, Puregold said its
executive committee approved on Monday the acquisition of up to 100
percent of Company E Corp through the purchase of shares from its
stockholders.
http://www.interaksyon.com/business/52648/puregold-to-buy-operator-of-eunilane-grocer-e
No comments:
Post a Comment