Dairy Farm strengthens presence in Philippines

PAN-ASIAN retailer Dairy Farm International Holdings Limited is increasing its presence in the Philippine retail market through the share-swap deal with the Gokongwei-led Robinsons Retail Holdings Incorporated (RRHI) that is expected to be completed in six months.

Dairy Farm ventured into the Philippines, which it described as “one of the most vibrant retail markets in Asia,” with the acquisition in 2012 of a 50-percent stake in Rustan Supercenters Inc., operator of the Rustan’s Supermarket and Shopwise brands, among others.

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