Robinsons acquiring Rustan’s grocery brands

GOKONGWEI-owned Robinsons Retail Holdings Inc. (RRHI) is acquiring the Rustan’s grocery brands through an P18-billion share-swap agreement with pan-Asian retailer Dairy Farm International Holdings Ltd.

In a disclosure to the Philippine Stock Exchange (PSE) late Friday afternoon, March 23, RRHI said it has agreed to partner with Dairy Farm “to build a leading food retail business.”

The deal covers the Rustan’s food retail brands Marketplace by Rustan’s, Rustan’s Supermarket, Shopwise Hypermarket, Shopwise Express and Wellcome.

Mga Komento