Puregold - updates

Rappler's latest stories on Puregold


Puregold exits convenience store business with sale of Lawson

Apr 27, 2018 - 3:20 PM

The Lucio Co-owned firm accepts the offer of its joint venture partner, Lawson Japan, to buy its 70% equity interest in PG Lawson for an undisclosed amount

Puregold to focus on original store format

Dec 13, 2015 - 10:12 PM

UPDATED In terms of branding Puregold will no longer distinguish Junior and Extra stores as it also plans to adopt an e commerce platform to improve transactions with sari sari stores

Puregold allots P2.64B for 2016 capital expenditures

Dec 11, 2015 - 6:04 PM

The amount does not yet include possible acquisitions a strategy that Puregold has adopted to expand its portfolio

INVESTMENT. Puregold Vice President for Operations Antonio de los Santos says the firm invested P3.4 billion in 2015 but this included P1.5 billion for acquisitions this year. File photo from Puregold website

ASEAN integration: PH energy sector OK, sugarcane industry in trouble

Oct 22, 2015 - 8:31 PM

The energy sector stands to benefit from the integration while the sugarcane industry is seen to be adversely affected a former energy undersecretary and lawyer says

LEGAL EAGLES. Experts discuss the legal procedures to merging as well as as the new business environment that regional integration will bring at the Philippine Corporate Mergers: "Developing a scenario for ASEAN entry and competitiveness" forum held at AIM on October 22, 2015 (seated from left: former Energy Undersecretary Jose Layug, PCCI's George Barcelon, and SEC CommissioneManuel Gaite). Photo by Chris Schnabel / Rappler

Cherry Foodarama to reopen, now under SM management

Oct 12, 2015 - 5:31 PM

Branches in Shaw and Congressional will reopen this week nearly 3 months since SM Investments Corporation acquire the grocery chain

REOPENING. Cherry Shaw will reopen on October 13 while Cherry Congressional will open again its doors to customers on October 15, SM Markets say.

Lucio Co's Puregold acquires BudgetLane supermarket chain

Aug 07, 2015 - 2:47 PM

Puregold did not disclose acquisition cost but says it accounts for less than 10 of the company’s total book value

Ayala, Puregold launch supermarket in UP Town Center

Jul 27, 2015 - 2:45 PM

The 50 50 joint venture of Ayala Land and Puregold Price Club calls its debut supermarket Merkado which is catering to middle income segment

Puregold ventures into remittance business with Pure Padala

Jul 09, 2015 - 1:27 PM

The service gives Filipinos overseas the power to allocate their remittances for specific expenses exclude items from a grocery list and set the amount that can be encashed

Puregold about to close deal with supermarket chain

Jun 26, 2015 - 7:15 PM

If the deal pushes through it would boost Puregold s presence in areas it is not yet heavily represented in

SM to seal deal with Cherry Foodarama in June

Jun 24, 2015 - 6:40 PM

The conglomerate is set to acquire majority interest in the pioneering grocery business

Puregold nets P1.05B in first quarter

May 12, 2015 - 6:51 PM

The grocery retailer further expands its retail chain with the opening of Japanese convenience store Lawson in the first quarter of 2015

7-Eleven eyes to open 350 stores in 2015

Jan 26, 2015 - 10:50 PM

The local license holder of the convenience store hikes its capex to P3 billion to finance its aggressive store expansion

Puregold to spend P5.5B in capital expenditures for 2015

Dec 09, 2014 - 11:58 AM

The amount will be used to finance store expansion and possible acquisitions

Puregold downgrades 2014 revenue target

Nov 12, 2014 - 4:21 PM

Despite adjusting its revenue goal for the year the company says it is on track to meet its target 26 store openings

Puregold to open 5 more stores this year

Nov 05, 2014 - 8:16 PM

The stores will be in Metro Manila Cavite and Pampanga

BSP approves Lucio Co’s investment in PBCOM

Sep 24, 2014 - 9:59 AM

The retail tycoon and Puregold supermarket chain owner becomes the single largest shareholder in the 75 year old bank as he acquires a combined 49 99 interest in PBCOM

Petilla to mall owners: Use generators

Jan 01, 2014 - 1:07 PM

The DOE chief says it s voluntarily but he will meet with mall owners one at a time – first with SM whose malls have installed capacity of 135 50 MW

BANKRUPTCY? The Energy secretary says Meralco coulld go bankrupt due to the suspension of the rate hike collection.Photo taken by AFP

Ayala Land, Puregold in supermarket joint venture

Jul 09, 2013 - 2:46 PM

The companies enter into a deal to develop and operate mid market supermarkets

Lucio Co-led Cosco looking to raise P12-B for expansion

May 01, 2013 - 5:02 PM

The holding firm for businessman Lucio Co says it needs P12 billion to fund the expansion of its liquor property and oil storage businesses as well as its diversification into non food ventures

New stores helped boost Puregold's sales. Photo taken from the company's website

New stores boost Puregold Q1 earnings

Apr 30, 2013 - 12:01 PM

The supermarket chain s Q1 net income surged 105 2 from a year ago

New stores helped boost Puregold's sales. Photo taken from the company's website

Lucio Co buys Mariwasa for P292.5-M

Mar 21, 2013 - 9:31 AM

The group of retailer Lucio Co has inked a deal to buy 85 of shell company Mariwasa Siam likely for his power related ventures

POWER VENTURES. Retail tycoon Lucio Co looks to expand his energy-related ventures. Graphic by Matthew Hebrona

PSEi to hit 7,400 - analyst

Feb 20, 2013 - 7:06 PM

Citing ample liquidity and a strong long term outlook COL Financial Philippines expects the Philippine index to breach the 7 400 mark this 2013

Puregold profits up 75.9% in 2012

Feb 19, 2013 - 5:38 PM

Aggressive store expansion and new acquisitions in 2012 allowed the annual net income of Lucio Co led retail firm Puregold Price Club Inc soar by 75 9

PURE GOLD. The company posts a 75.9% growth in its net income in 2012. Photo taken from the Puregold website

Puregold buys 2 grocery chains

Jan 14, 2013 - 1:33 PM

The company is buying 4 Eunilaine and 11 Grocer E stores

INFOGRAPHIC: A merry Filipino Christmas

Jan 06, 2013 - 7:55 AM

The Christmas season is the busiest and most lucrative holiday season in the Philippines

Lucio Co-led Puregold to increase outlets to 200 by 2014

Jan 03, 2013 - 8:20 PM

The operator of Puregold S R and Parco is eying expansion of its nationwide outlets to 200 by 2014

AFP store quizzed on costly deals

Jul 28, 2012 - 2:26 PM

COA wants the AFP Commissary and Exchange Service to explain P149 63 M purchases that it could have gotten at a cheaper amount

Retail marriage: Puregold to acquire S&R

Mar 28, 2012 - 3:41 PM

A merger will allow the 2 retail firms which are both controlled by businessman Lucio Co to address all income segments