1. News
March 26, 2018

Robinsons Retail to acquire Rustan Supercenters

Philippines’ multi-format retailer Robinsons Retail Holdings (RRHI) has entered into a $344m share-swap agreement with Hong Kong’s retailer Dairy Farm International Holdings to acquire Rustan Supercenters.

Philippines’ multi-format retailer Robinsons Retail Holdings (RRHI) has entered into a $344m share-swap agreement with Hong Kong’s retailer Dairy Farm International Holdings to acquire Rustan Supercenters.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
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As part of the agreement, which was disclosed to the Philippine Stock Exchange (PSE), RRHI will gain 100% stake in Dairy Farm subsidiary Mulgrave Corporation BV in Rustan’s Supercenters (RSCI).

Meanwhile Mulgrave will own 18.25% stake in RRHI in return.

The partnership with Dairy Farm is a part of RRHI’s plans to ‘build a leading food retail business’.

In its disclosure to the stock exchange, RRHI stated: “Leveraging the combined strengths of RRHI and RSCI will lead to benefits to customers in terms of even better service, quality and value.”

“The partnership with Dairy Farm is a part of RRHI’s plans to ‘build a leading food retail business’.”

The agreement covers Rustan’s food retail brands; Marketplace by Rustan’s, Rustan’s Supermarket, Shopwise Hypermarket, Shopwise Express and Wellcome.

The deal will be presented for approval to RRHI’s shareholders on 28 May. It will also be submitted to the Philippine Competition Commission and the Securities and Exchange Commission for approval.

In 2012, Dairy Farm, a subsidiary of Jardine Matheson, acquired a 50% stake in Rustan’s Supercenters in 2012, increasing this by 16% couple years later, and then the remaining 44% in July 2017.

As of end of 2017, RRHI operates 154 supermarkets. Including other retailing formats, RRHI has a total of 1,718 stores and 2,015 franchised stores of The Generics Pharmacy (TGP).

Dairy Farm operates over 7,100 outlets including supermarkets, health and beauty stores, convenience stores, hypermarkets, and restaurants.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.