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November 27, 2018

Robinsons Retail acquires Rustan Supercenters for $344m

Philippines’ multi-format retailer Robinsons Retail Holdings (RRHI) has completed the acquisition of food retail business Rustan Supercenters (RSCI) from Mulgrave Corporation for $344m.

Philippines’ multi-format retailer Robinsons Retail Holdings (RRHI) has completed an acquisition of food retail business Rustan Supercenters (RSCI) from Mulgrave Corporation for $344m.

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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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Mulgrave Corporation is a subsidiary of retailer Dairy Farm International Holdings. Rustan Supercenters is a provider of upscale grocery business.

The deal was announced in March this year through share-swap agreement, under which, RRHI will now own 100% stake in Rustan Supercenters.

“The deal was announced in March this year through share-swap agreement, under which, RRHI will now own 100% stake in Rustan Supercenters.”

Meanwhile, Dairy Farm has exchanged its interest in RSCI for new shares in RRHI representing some 12.15% of its enlarged share capital and a further 6.1% interest in the enlarged share capital from the existing controlling shareholders.

With this, the company has a total shareholding of 20% in RRHI.

The agreement covers retail stores/supermarkets nationwide under Marketplace by Rustan’s, Rustan’s Supermarket, Shopwise Hypermarket, Shopwise Express and Wellcome banners.

In addition, Dairy Farm has announced that its director Ian McLeod has been named as Robinsons Retail Holdings director.

The Gokongwei family is the controlling shareholder and will continue to hold a 51% interest in RRHI.

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.

In 2012, Jardine Matheson subsidiary Dairy Farm acquired a 50% stake in Rustan’s Supercenters and 100% in July 2017.

 

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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.