Philippines
Metro Retail profit down 32.6% to $2.9m in 2023
The company’s sales reached $671m (P38.3b) during the same period.
1 day ago
Metro Retail profit down 32.6% to $2.9m in 2023
The company’s sales reached $671m (P38.3b) during the same period.
1 day ago
Fruitas completes $4m corporate notes placement
Proceeds will support working capital and general corporate needs.
2 days ago
Ajinomoto Philippines switches to 100% renewables in manufacturing facility
It is achieved through the government’s Retail Competition and Open Access Programme.
Jollibee's JWPL pledges $66.76m to Titan Fund II for F&B sector growth
It will hold a 90% stake in Titan Fund II.
Jollibee invests $28m in beverage firm Botrista
The investment aligns with its goal of tapping into the growing market for beverages globally.
Venturi Partners invests $25m in DALI Discount for Philippine expansion
It is Venturi Partners’ second Philippine investment after Pickup Coffee.
Art tops luxury investment index in 2023: Knight Frank
It is the only sector that posted double-digit growth with an 11% price increase.
Wilcon Depot's net income dips 9.5% YoY on rising expenses
This is despite a 3.1% growth due to sales from new stores.
Philippines' URC profit down 12% YoY to $230.1m in 2023
The company attributed the decline to higher comparables from a land sale.
Jollibee Foods to raise up to $144m in additional preferred shares
JFC has over 6,885 stores worldwide with 18 brands in 33 countries.
Nitori to open its first store in the Philippines
It has also set to expand to Indonesia and India.
Philippine's 2GO holds business workshops for SMEs
The group created the 2GO Getters community to connect with small business owners.
Wildflour Hospitality Group secures equity investment from KV Asia
It currently has eight concept brands in 18 locations.
MR.DIY reaches 500-store milestone in the Philippines
The brand was first launched in the country with its inaugural store in Balagtas, Bulacan.
Coca-Cola Europacific, Aboitiz completes Coca-Cola PH acquisition
They will hold a 60:40 ownership.
SM’s Goldilocks targets 60 new stores in 2024
It has opened 41 stores last 2023.
Jollibee Group sets up the largest solar panel installation
The installation in the Canlubang Baking Facility will consist of 6,300 solar panels.
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EY’s Olivier Gergele highlights how retailers can navigate and thrive in today’s complex landscape and evolving consumer preferences
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By implementing a sound omnichannel strategy, prioritising the consumer experience and adapting to changing trends, retailers can differentiate their value proposition.
By implementing a sound omnichannel strategy, prioritising the consumer experience and adapting to changing trends, retailers can differentiate their value proposition.
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1. Gamification boosts retailer loyalty programmes 2. Gen Z's complex consumer behavior challenges businesses: Euromonitor 3. Here's why global apparel and footwear sales growth have slowed 4. Levi's opens first store in Dhaka, Bangladesh 5. Carlsberg Asia, Grab partner to elevate beer consumption experienceAwards
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11