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Robinson Retail Holdings to invest $770m on Philippine expansion

RBR Staff Writer Published 16 July 2013

Robinsons Retail Holdings, a multi-channel retailer in the Philippines, plans to invest PHP33.5bn ($770m) to expand its retail network to 1,391 stores by 2014.

The multi-format retailer, which currently operates around 940 outlets across the country, is keen finance the addition of 453 new stores using the PHP42bn ($965.4m) funds it anticipates to raise through an initial public offering.

In a revised registration statement, Robinsons Retail told the Securities and Exchange Commission that 227 of the proposed outlets will be launched in Metro Manila, while the remaining 226 are planned across other regions of the country, reported manilaStandardToday.com.

The retailer is looking to penetrate more provincial markets and second tier cities. Robinson Retail intends to open smaller format outlets such as drug store, mini-stop store and compact supermarket formats.

Robinson Retail will also invest PHP2.89bn ($66.4m) to revive existing stores.

The company currently operates through various formats, including department stores, supermarkets, home improvement stores, convenience stores, drug stores and specialty stores.