Robinsons Retail to buy 100% stake in Ministop Philippines

It will acquire the remaining 40% shares of Ministop Japan in February.

Robinsons Retail Holdings, Inc. (RRHI), through its wholly-owned subsidiary, Robinsons Supermarket Corporation, will be buying Ministop Japan’s 40% shares in Robinsons Convenience Stores, Inc (RCSI) this February.

This will bring the company’s share to 100% from the current 60%, of the RCSI, which is the exclusive franchisee of Ministop in the country.

“Under the Ministop banner we were able to bring to the public well-loved products and essential services,” Robina Gokongwei-Pe, RRHI President & CEO, said.

The new agreement with Ministop Japan stated the RRHI will continue to operate the stores under the Ministop brand within the transition period agreed upon with Ministop Japan.

This is until they are repurposed and appropriately rebranded in consideration of strong ready-to-eat offerings, such as Uncle John’s Fried Chicken and Kariman.

“Our stores will continue to carry our bestsellers while we continue to diversify our ready-to-eat menu and offer new products to the market,” Suresh Ramalinggam, General Manager of Ministop Philippines, said.

“Customers can also rely on our convenient e-services and bills payment facilities.”