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Uy completes purchase of PH FamilyMart

Davao-based businessman Dennis Uy has completed a 100-percent buyout of Philippine FamilyMart CVS Inc. (PFM), operator of the chain of 67 Family Mart convenience stores in the Philippines, from the Ayala and Tantoco groups and their Japanese partners. (5-0)

Dennis Uy’s FamilyMart buyout ok’d

Davao-based businessman Dennis Uy has obtained imprimatur from the Philippine Competition Commission (PCC) to acquire the 67-store Philippine FamilyMart store chain through his petroleum trading and distribution arm Phoenix Petroleum Philippines Inc. (5-0)

Wishing for prosperity this 2018

2018-01-03 philstar
Happy new year to all the Go Negosyo advocates, mentors, sponsors and supporters who are also part of the ecosystem of mentorship, money and market.  For sure, we all have our wishes or New Year’s resolutions which we repeatedly prepare year after year.

The Gokongwei Brand of Entrepreneurial Management

2018-01-01 bworldonline
Just a few years ago, the conventional wisdom was that family-run businesses could not be as well-managed as non-family run businesses. But the research has shifted, and our experience as a group shows that a hybrid of family-led publicly listed business works. (2-0)

Robinsons Retail invests in cosmetics e-commerce site

2017-12-13 philstar
MANILA, Philippines — Robinsons Retail Holdings Inc., the listed retail arm of the Gokongwei group, has acquired a 20 percent stake in Taste Central Curators Inc., a company that operates a beauty and cosmetics e-commerce site.

Robinsons buys into BeautyMNL operator

2017-12-13 bworldonline
ROBINSONS Retail Holdings, Inc. (RRHI) is joining the roster of firms taking a slice in the e-commerce industry by acquiring a stake in the operator of online cosmetics marketplace BeautyMNL. (4-0)

Lennon Gallagher models for Topman

Son of Oasis frontman Liam Gallagher and actress/singer Patsy Kensit, Lennon Gallagher has that rockstar look and swagger—and the clothes to match. “When I’m at my dad’s I break into his wardrobe.”

Local retail industry goes cashless with PayMaya

PayMaya is rolling out its homegrown QR technology in communities, starting with canteens in partner schools like STI.

PayMaya partners with Robinsons Retail for cashless payments

2017-11-28 bworldonline
PAYMAYA Philippines has partnered with Robinsons Retail Holdings, Inc., a move which would allow shoppers to use cashless payment technology in  stores under the latter’s portfolio. (9-0)

Ministop becomes the 1st convenience store to accept QR payments via GCash

GCash, the pioneer in electronic payments using QR codes, partners with Ministop, one of the largest 24-hour convenience store chains in the Philippines, to promote and spread the benefits of cashless payments in the country. (9-0)

Ten years after retirement, Gokongwei says JGS businesses continue to flourish

2017-11-27 bworldonline
JOHN L. GOKONGWEI, JR. found it odd that 10 years after his retirement he would be named “Management Man of the Year 2017,” a recognition that he accepted as rightly timed similar to how he mapped the course of JG Summit Holdings, Inc. (JGS) through the years. (9-0)

Retailers report mixed 3rd quarter results

2017-11-12 bworldonline
In a regulatory filing, Metro Retail Stores Group, Inc. (MRSGI) said its net income surged by 108% to  P148.95 million in the July to September period, from the P12.6 million it generated in the same period in 2016. Third- quarter net sales went up 2% to P7.98 billion. (15-0)

Duterte tax reform spells stimulus for retailers

2017-10-11 bworldonline
MAU Dizon, a marketing officer in one of the largest Philippine banks, is among millions of Filipino taxpayers who stand to benefit from President Rodrigo R. Duterte’s tax reform plan that aims to return to consumers P860 billion ($17 billion) over five years. (9-0)

Indonesia falls on foreign selling, Philippines pulls back from record

2017-10-11 themalaymailonline
Against the trend, Thai stocks climb as much as 0.7 per cent to a fresh 24-year high. — Reuters picSINGAPORE, Oct 11 — Indonesian shares fell today as foreign investors turned net sellers ahead of the release of the US Federal Reserve's September meeting minutes, while Philippine shares hit a fresh record before paring the gains. (2-0)

Duterte’s US$17b tax changes spell stimulus for retailers

2017-10-11 themalaymailonline
Employees load up shopping carts at a supermarket in Paranaque city, Manila October 31, 2016. — Reuters picMANILA, Oct 11 — Mau Dizon, a marketing officer in one of the largest Philippine banks, is among millions of Filipino taxpayers who stand to benefit from President Rodrigo Duterte’s tax reform plan that aims to return to consumers 860 billion pesos (US$17 billion or RM70.9 billion) over five years. (9-0)