BY ANGPING & ASSOCIATES SECURITIES
Puregold Price Club Inc. (PGOLD) is formalizing its entry into the convenience store business with the opening of its first Lawson store slated for this month.
About five to 10 Lawson convenience stores are currently under construction.
PHP 500. 0 million of total CAPEX will be allotted to supporting the roll out of the first 50-100 Lawson convenience stores.
The Philippine retailer owns 70%, while the balance is being owned by PG Lawson, Inc.
The company targets 500 stores in five years.