Philippines: Robinsons Retail completes $343m acquisition of Rustan Supercenters

Photo from Robinsons Retail’s website

Robinsons Retail Holdings Inc (Robinsons Retail), the second-largest multi-format retailer in the Philippines, has completed its P18-billion ($343 million) acquisition of grocery chain operator Rustans Supercenters Inc (Rustans), eight months after the deal was first announced.

Robinsons Retail is owned by the Gokongweis, the Philippines’ second richest family. It operates over 3,500 retail formats, including supermarkets, department stores, drugstores, international fashion and beauty specialty store, and specialty coffee shops.

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