2 weeks Robinsons Retail buys VisMin’s Rose Pharmacy MB |Biz
Robinsons Retail Holdings, Inc. (RRHI) has signed a share purchase agreement to acquire 100 percent of Rose Pharmacy Inc., one of the biggest drugstore chains in Visayas and Mindanao, for P4.5 billion. In a disclosure to the Philippine Stock Exchange, RRHI said its subsidiary South Star Drug Inc. has has made the purchase from Mulgrave Corporation B.V (MCBV), a wholly-owned subsidiary of Dairy Farm International Holdings, Ltd. Rose Pharmacy was established in 1952 as a family-run drugstore in Cebu City with the goal of providing quality and affordable medicines to communities. Dairy Farm acquired a 49 percent share in ... more