More News

Stores

Staff Reporter

, Philippines

Published:

2 years ago

154 views

Philippines’ MerryMart buys 67% stake in Carlos SuperDrug

The local pharmacy chain has 27 branches to date.

Philippines-based grocer MerryMart has agreed to acquire a minimum post-investment stake of 67% in local pharmacy chain Carlos SuperDrug for an undisclosed amount, the company announced in a bourse filing.

Carlos SuperDrug is considered as the biggest pharmacy chain in Quezon Province. Founded in 1946, the pharmacy chain has 27 branches to date. The pharmacy’s current management team will continue to run the company’s operations in tandem with the MerryMart team.

MerryMart's formats are MerryMart Store, MerryMart Market, MerryMart Grocery, MerryMart Wholesale and Dark Groceries. It has recently formed MM Consumer Technologies as subsidiary with MBOX Smart Lockers as the first in its consumer technology portfolio.

The grocer has set its 2030 vision with the goal of a total of 1,200 branches nationwide and aims to generate $2.38b (PHP120b) in systemwide recurring consumer sales revenue.

Follow the link for more news on

MerryMart

Acquisitions

Also Read

What tech innovations retailers are investing in

MINISO enhances employee welfare and environmental initiatives in 2023

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!

I want to download the media kit

Top News

How cost-per-wear redefines fashion value

This metric evaluates an item's value based on its frequency of use, lifespan, and resale potential.

Fashion

17 hours ago

What tech innovations retailers are investing in

They are now increasingly adopting digital interfaces, simplified shopping, and data-driven retail.

Stores

19 hours ago

Malaysia's e-commerce market to grow by 12.8% in 2024

Alternative payment methods accounted for 35.7% of e-commerce transactions in 2023.

E-commerce

19 hours ago

Suntory to raise prices on selected products in Japan from 1 Oct

The recommended retail prices for these products will increase by +6 to +32%.

Suppliers

20 hours ago

Exclusives

ZALORA ramps up sustainability amidst rising demand for eco-products

Customers of ZALORA who shop for sustainable products are increasing year by year.

16 hours ago

Two reasons why Zalora’s fulfilment centre skipped futurism

ZALORA’s strategy enables the processing of up to 200,000 orders daily.

E-commerce

17 hours ago

Brand-building for Unilever International goes beyond consumer care

The brand’s innovative practices benefit both consumers and workers.

Stores

Rise of minimarts compels large-format stores to rethink growth strategy

Their focus should shift towards customer density instead of store scale.

Stores

Event News

EY’s Olivier Gergele highlights how retailers can navigate and thrive in today’s complex landscape and evolving consumer preferences

Co-Written / Partner

By implementing a sound omnichannel strategy, prioritising the consumer experience and adapting to changing trends, retailers can differentiate their value proposition.

Key figures at Seamless Asia fan e-commerce excitement over AI

Co-Written / Partner RSM's David Eu offers insights on e-commerce, technology, and collaborative innovation driving retail transformation

Co-Written / Partner Euromonitor’s Hiromi Yamaguchi: Loyalty programmes, digital integration vital amidst evolving consumer expectations

Co-Written / Partner EY’s Olivier Gergele highlights how retailers can navigate and thrive in today’s complex landscape and evolving consumer preferences

By implementing a sound omnichannel strategy, prioritising the consumer experience and adapting to changing trends, retailers can differentiate their value proposition.