, Philippines
Logo from Rose Pharmacy

Robinsons Retail acquires Rose Pharmacy

Rose Pharmacy gained $144.3m in net sales for the first nine months of 2023.

Robinsons Retail Holdings, Inc. (RRHI), through its subsidiary South Star Drug Inc., has completed the 100% purchase of Rose Pharmacy Inc. from Mulgrave Corporation B.V (MCBV), a subsidiary of Hong Kong-based retailer Dairy Farm International Holdings, Ltd.

The acquisition went through after a review by the Philippine Competition Commission that commenced on 7 November 2022 and took effect on 6 November 2023.

ALSO READ: Toki eyes $5b Philippine collectables market

Under the purchase, RRHI will gain control over the operations of Rose Pharmacy, expanding its drugstore portfolio alongside South Star Drug and The Generics Pharmacy and driving its product scale over the Philippines.

Established in 1952, Rose Pharmacy is a family-run drugstore chain in Cebu City. It is one of the leading drugstore chains in the Philippines with $144.3m (PHP8.0b) in net sales for the first nine months of 2023, with a 15.1% year-on-year, operating 394 stores in Visayas and Mindanao.

Follow the link for more news on

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Amazon expands employee assistance programme to children
This allows children of its Singapore employees to seek mental health support for free.
Stores
Australian consumers trust in purpose-driven brands
Bunnings is the most trusted brand for customer experience excellence in Australia 2020-2023.
Stores
FairPrice to offer discount offsetting GST raise
The discount will be implemented on national brands and house-brand groceries.

Exclusives

ZALORA seizes opportunity in revenge tourists’ purchasing power
The e-commerce platform added more travel-related items catering to the rise in travel searches from customers.
Why retailers should pick up the pace of AI adoption
Analysts said they will run the risk of lagging in the market and suffering higher costs.
Persistent habits, digitalisation drive continuous e-commerce growth in APAC
Euromonitor reports that e-commerce operators dominated its Top 10 Fastest-Growing Retailers list in the region.
F&B success seen in Family Mart Indonesia stores
Fast food and drinks rival grocery sales, averaging 50% of transactions in each store.