2 weeks Robinsons Retail acquires 300-store Rose Pharmacy Inquirer
Gokongwei-led retailer Robinsons Retail Holdings Inc. (RRHI) has expanded its footprint in the pharmaceutical distribution space with the acquisition of 300-store Rose Pharmacy Inc. from Hong Kong-based Jardine Matheson group. Mulgrave Corp., a unit of Jardine's Daily Farm International Holdings Inc., agreed to sell 100 percent of Cebu-based Rose Pharmacy, which operates mostly in the Visayas and Mindanao. Dairy Farm likewise sold its premium grocery business under Rustan Supercenters Inc. to RRHI in 2018. "I am delighted that Rose Pharmacy will be part of our portfolio as it takes us back to our hometown in Cebu, where my father and ... more