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Puregold acquires 14 DiviMart supermarkets

Summary by Ground News
Puregold Price Club is expanding its foothold in the Greater Manila Area. The deal will instantly convert all acquired DiviMart locations to Puregold under a sublease transaction. Puregold told regulators that the acquisition is below 10% of the company's book value. An additional 18 Divi Mart locations will be evaluated for possible conversion to Pure gold stores.

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RapplerRappler
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Puregold acquires 14 DiviMart supermarkets

MANILA, Philippines – Lucio Co’s Puregold Price Club is expanding its foothold in the Greater Manila Area through the acquisition of 14 stores of DiviMart supermarkets. The deal will instantly convert all acquired DiviMart locations to Puregold under a sublease transaction. These 14 stores are located in: Angat, BulacanPandi, BulacanMorong, BataanCabanatuan City, Nueva EcijaOlongapo CitySan Isidro, Taytay, RizalSan Miguel, Pasig City General Tri…

·Philippines
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Rappler broke the news in Philippines on Thursday, June 22, 2023.
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