Robinsons Retail to rebrand Ministop after full acquisition - BusinessWorld Online

  • 📰 bworldph
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 68%

Philippines Headlines News

Philippines Latest News,Philippines Headlines

ROBINSONS Retail Holdings, Inc. (RRHI) plans to “repurpose” and “rebrand” its Ministop stores after it fully acquires the franchise in February. READ:

“Under the new agreement with Ministop Japan, RRHI will continue to operate the stores using the Ministop brand within the transition period agreed upon with Ministop Japan, until they are repurposed and appropriately rebranded in consideration of strong ready-to-eat offerings such as Uncle John’s Fried Chicken and Kariman,” RRHI said in a statement on Monday.

“I would like to thank Ministop Japan for our partnership over the years. Under the Ministop banner, we were able to bring to the public well-loved products and essential services,” RRHI President and Chief Executive Officer Robina Y. Gokongwei-Pe said in the statement on Monday. In November 2019, RRHI’s wholly owned Robinson’s, Inc. bought 18.95 million RCSI shares from Ministop for P18.95 million. This bumped up RRHI’s ownership to 60% from 59.05%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PCC closely watching Robinson’s expanding consumer retail portfolioThe Philippine Competition Commission said it is closely watching the impact of Robinsons Supermarket Corporation’s expanding portfolio in the local consumer retail market following its acquisition of Japanese partner’s stake in Ministop in the country.
Source: manilabulletin - 🏆 25. / 51 Read more »

Rates of Treasury bills, bonds expected to move sideways - BusinessWorld OnlineRATES of government securities may move sideways or drop this week on improving risk appetite amid the country’s coronavirus situation and ahead of the US central bank’s policy review this week. READ:
Source: bworldph - 🏆 9. / 68 Read more »

Power struggles - BusinessWorld Online“The country entered 2022 with typhoon-related damage to power facilities that could lead to reserve shortfalls (yellow alerts) in the Luzon and Visayas grids.
Source: bworldph - 🏆 9. / 68 Read more »

Adele postponement sidelines fans, disrupts live music recovery - BusinessWorld OnlineLOS ANGELES — Elton John returned to the stage last week for the first time in nearly two years, and big names including Billie Eilish and Justin Bieber are getting ready to tour around the world.
Source: bworldph - 🏆 9. / 68 Read more »

Malaysia’s mangrove-planting fishermen stumble at nature finance hurdle - BusinessWorld OnlineThis month, a new global fund was launched by the Rights and Resources Initiative and Campaign for Nature to help indigenous and local groups conserving forests and other ecosystems on the ground access international finance more easily. READ: Is this real? Or this is not real? 🤓 mais je suis un artiste 😭 You can’t hide. 🥱
Source: bworldph - 🏆 9. / 68 Read more »

House panel approves bill creating new child protection agency - BusinessWorld OnlineTHE HOUSE of Representatives committee on appropriations approved on Monday a bill that seeks to establish a new agency that would focus on protecting children from sexual abuse, which has become more rampant during the pandemic. READ: New agency na naman? Jusko the bureaucracy! Di pa ba kaya yan ng DSWD?!? 🙄
Source: bworldph - 🏆 9. / 68 Read more »