Philippines
SM Markets to open 10 to 15 new stores in 2024
SM Markets to open 10 to 15 new stores in 2024
It aims to serve the essential needs of Filipino communities in underserved areas.
Metro Retail profit falls 16% in Q1 2024
The decline was attributed to narrower margins in general merchandise.
Diving into digital platforms and young Filipino shopping habits
Kadence Philippines urges brands to prioritise seamless navigation, enhanced engagement, and sustainability efforts.
Philippines' Goldilocks to launch 30 new franchise-owned stores
It currently boasts 926 outlets, with 360 operating under franchise ownership.
SM advances climate action with nature-based solutions
It developed a Sustainability Management System focused on the two key policies of Climate Action and Resource Management.
Metro Retail expands presence in Visayas with four new supermarkets
It currently operates 64 stores across the Philippines, with 42 branches in the Visayas.
Philippines’ SM Prime Holdings to open four new malls in 2024
It is part of the company's strategy to expand its presence nationwide.
South Korea’s Paris Baguette opens first Philippine store
It marks the bakery chain’s presence in 11 countries since 2004.
Balai ni Fruitas acquires Sugarhouse
It will expand BALAI's product offerings and increase its production capacity.
Metro Retail profit down 32.6% to $2.9m in 2023
The company’s sales reached $671m (P38.3b) during the same period.
Fruitas completes $4m corporate notes placement
Proceeds will support working capital and general corporate needs.
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.
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