THE PHILIPPINES, FEBRUARY 22, 2012: Retail tycoon Lucio Co is formulating a merger between low-and-middle-income-targeted Puregold Price Club Inc. – commonly referred to as Puregold – with S&R membership shopping club, aimed toward the upper middle class market. Both supermarket chains are owned by Co.
Puregold, through its board, has already authorized a study and discussion of the possible merger with and acquisition of S&R.
Modeled after the United States’ warehouse membership shopping chains, S&R offers exclusive access for its members and currently has stores in Bonifacio Global City, Taguig; Alabang, Muntinlupa; Congressional Avenue, Quezon City; Baclaran, Parañaque City; Mandaue City, Cebu; and San Fernando, Pampanga.
Meanwhile, Puregold currently operates 100 stores under three store formats: Puregold Price Club (or simply Puregold), Puregold Junior, and Puregold Extra. The supermarket chain is targeting to open at least 38 more stores this year and ultimately double the number of its present outlets by 2015.
