Category: News

Korean Fast Food Chain Lotteria Eyes Philippines Launch

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MANILA, Philippines — South Korean fast food chain Lotteria is looking to enter the Philippines, according to the Department of Trade and Industry (DTI).

In a statement, the DTI said Trade Secretary Cristina Roque met with Lotte GRS and other South Korean conglomerates on May 16, in Seoul, with the discussions covering the firms’ planned investments and expansion into the Philippine market, particularly in the areas of food service, franchising and retail.

These companies aim to invest in joint ventures, master franchise agreements and localized operations.

The DTI said Lotte GRS, in particular, is preparing to launch its flagship brand Lotteria.

It said Lotte GRS, the restaurant service arm of the Lotte Group, is targeting to open at least 30 stores in over five years.

“This initiative has strong focus on local sourcing and workforce development,” the DTI said.

Other firms outlined plans to introduce modern convenience store formats to cater to the needs of the Philippine market.

The companies also emphasized their commitment to source locally, with over 95 percent of the products offered in their overseas stores coming from the host country.

The discussions also covered initiatives to integrate digital commerce platforms and strengthen last-mile delivery services.

Aside from food service and retail ventures, South Korean firms are also exploring opportunities in the import and export of Philippine agricultural and seafood products.

To learn more about opportunities for sourcing and partnerships, the South Korean firms are also scheduled to join local trade expos such as the IFEX Philippines and the World Food Expo.

During the meeting, Roque explained how the Philippines through its young and dynamic population of over 115 million and its strategic position in Southeast Asia offers opportunities for businesses.

She also highlighted the government’s efforts to provide an environment that is conducive for businesses.

In line with the aim to attract more incentives, the CREATE MORE Act, which seeks to enhance the incentives system, was signed into law last year.

“With the CREATE MORE law in place, our partners enjoy one of the most competitive and forward-looking incentive systems today – through smarter incentives, streamlined processes and a vibrant consumer base ready for innovation,” Roque said.

Original article: https://www.philstar.com/business/2025/05/25/2445516/korean-fast-food-chain-lotteria-eyes-philippines-launch

 

 

 

Filipinos Spent Less at Sari-Sari Stores in 2024, Study Says

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MANILA, Philippines – Average monthly spending at sari-sari stores continued its decline in 2024, as consumers increasingly opted for smaller, more frequent purchases to stretch their limited disposable income, according to a study.

A report released on Monday by local tech startup Packworks showed that average monthly spending by Filipinos at sari-sari stores fell to P689 each, based on insights from its micro-retail analytics platform Sari IQ.

This represents an 11.8-percent drop from the P781 average in 2023, which had already decreased from P800 in 2022.

Packworks Chief Data Officer Andoy Montiel said the trend points to a growing shift toward the “tingi” style of purchasing where consumers buy smaller quantities more frequently as a strategy to manage limited budgets.

“The combination of Filipinos’ smaller basket sizes and more frequent visits to sari-sari stores points to a preference for buying in smaller, more affordable portions – the essence of the ‘tingi’ economy,” Montiel said.

“This behavior likely stems from consumers needing to stretch their budget further, even in a lower inflation environment. They might be opting to buy only what they immediately need, rather than larger quantities less frequently to stock-up,” he added.

Packworks’ data also revealed that while average spending by Filipinos decreased, their visits to sari-sari stores became more frequent.

Last year, its network of stores recorded an average of 18 transactions per month nationwide, reflecting a 16-percent increase from 15 transactions per month in 2023.

The most commonly purchased items in Filipino sari-sari stores were seasoning and recipe mixes, detergent, powdered drinks, and hygiene products like shampoo and conditioner.

 

Original Article: https://business.inquirer.net/526053/filipinos-spent-less-at-sari-sari-stores-in-2024-study-says

Landers Opens Largest Superstore Yet in Cavite

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IMUS, Cavite — Landers Superstore, the country’s fastest-growing membership shopping chain, officially opened its 15th branch — and its first in Cavite — on 23 April, marking a significant milestone in its nationwide expansion.

The new outlet, located in the Ayala Vermosa Estate in Imus, spans 12,900 square meters, making it the largest Landers store to date. The opening attracted members of the media, digital content creators, and special guests, who were given a first look at the spacious store and its wide array of local and international products.

In his opening remarks, Landers deputy chief executive officer Bill Cummings shared his enthusiasm about the launch, stating that more than 60,000 members had already signed up before the official opening — a testament to the strong demand in the region. Cummings also acknowledged the support of local officials and the partnership with Ayala Land, which helped bring the project to life.

The event was also attended by Imus City Mayor Alex Advincula, underscoring local government support for the store’s presence in the province.

Landers Vermosa offers a variety of membership perks beyond traditional retail. Members can access free grooming services at Federal Barbers, discounted medicines and wellness products at Capital Care Pharmacy, fuel discounts of up to P10 per liter at Landers-Caltex gas stations, and up to 50 percent off Solane LPG refills.

The store also features ongoing promotions such as the “Super Crazy Sale” and “50% Off Produce Sale,” in addition to regular in-store events and product samplings aimed at enhancing the customer experience.

Memberships are currently being offered at a 50 percent discount until 31 May, reducing the annual fee to P350. Customers may also apply for the Landers Cashback Everywhere Credit Card to earn up to 5 percent cashback on purchases and receive additional rewards when shopping outside the store.

Landers Vermosa is the brand’s latest effort to expand into southern Luzon, with the goal of bringing premium yet accessible shopping to more Filipino families.

Original Article: https://tribune.net.ph/2025/04/26/landers-opens-largest-superstore-yet-in-cavite

Chinese Lifestyle Retail Brand KKV eyes 200 Stores in the Philippines

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Chinese lifestyle retail brand KKV continues to scale its presence in the Philippines with plans to open 200 stores within the next three years.

Most recently, the company launched two new stores in Quezon City – one at SM North Edsa and another at Gateway Mall.

The openings take the brand’s store count in the country to four, with more planned throughout this year.

KKV is the flagship brand of KK Group, a multinational retail company whose portfolio also includes The Colorist, a beauty concept store, and X11, a trendy toy brand. KK Group operates approximately 1000 stores across six countries.

Positioned as the group’s core brand, KKV offers more than 20,000 SKUs across eight categories, including cosmetics, homewares, daily essentials, and fashion accessories.

The company launched in the Philippine market last year in partnership with SM, one of the country’s largest retail and mall operators. It is actively seeking more partners to bring two of its other brands into the local market.

“We are committed to optimising our product structure, strengthening localised operations, and building more partnerships with local businesses,” said Rojen Wu, COO of international business operations at KK Group.

 

Original Article: https://insideretail.asia/2025/05/02/chinese-lifestyle-retail-brand-kkv-eyes-200-stores-in-the-philippines/

SSI Group acquires Rustan’s in P232-M deal

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The SSI Group Inc., a prominent player in the Philippines’ retail industry and the official distributor of several luxury international brands, has announced the acquisition of a majority stake in Rustan Marketing Corp. (RMK) for P232 million. This move marks a significant expansion of SSI’s footprint in multi-channel retail distribution, allowing the group to broaden its reach across various retail platforms.

In a regulatory filing, SSI revealed that its subsidiary, Stores Specialists Inc. (SSI), has successfully acquired a 99.44 percent stake in RMK. This strategic acquisition allows SSI to diversify and strengthen its presence across specialty stores, department stores, supermarkets, and e-commerce platforms. By acquiring RMK, SSI can now provide its brand partners access to a wider array of retail channels, enhancing its distribution capacity across the Philippines.

Deal highlights and reach

Founded in 1964, RMK has become one of the country’s largest wholesale distributors, specializing in global brands across various categories, including fragrances, beauty, fashion, footwear, luggage, home and lifestyle products. RMK’s portfolio includes well-known international brands like Samsonite, American Tourister, Tefal, Lacoste Fragrances, Maison Margiela, Spanx, OPI Nail Polish, and Nine West.

The acquisition is expected to strengthen SSI’s already formidable retail presence. SSI, which currently manages a portfolio of 96 brands and operates 565 stores across the country, will benefit significantly from RMK’s established wholesale network. The combined entities will be able to offer a more comprehensive distribution system, covering more than 1,300 outlets and major e-commerce platforms nationwide.

RMK, under the leadership of the Tantoco family, posted impressive financial results in 2024. The company reported P1.085 billion in revenues, with an EBITDA of P111.2 million and a net income of P44.2 million. The deal also includes a requirement for RMK’s selling shareholders to inject P232.08 million into the company, further solidifying its financial foundation.

SSI president and CEO Anton Huang has expressed confidence that the acquisition will allow the group to expand its portfolio in 2025, potentially offering up to seven new brands. As the Philippines’ consumption-driven economy continues to grow, SSI aims to capitalize on the increasing demand for premium and luxury products.

The acquisition also aligns with SSI’s vision of becoming a multi-channel distributor of premium brands nationwide. The group is committed to offering a variety of lifestyle choices to Filipino consumers, responding to evolving tastes and preferences. With a strong retail presence, including 111,816 sqm. of gross selling area, SSI is positioning itself at the forefront of the retail industry.

Huang added that SSI’s goal is to continue bringing global lifestyle trends to Filipino consumers, providing them with access to a broad range of luxury, casual, and fast fashion products. The acquisition of RMK will also contribute to the group’s efforts to enhance its online retail presence, meeting the growing demand for e-commerce in the Philippines.

Honoring RMK’s roots

The Tantoco family’s deep roots in the Philippine retail industry have been instrumental in shaping the success of both SSI and RMK. Over the years, the family has nurtured a strong reputation for delivering premium products to the local market, and this acquisition underscores their ongoing commitment to expanding their retail footprint.

With the integration of RMK, SSI Group is poised for even greater success in the future, with enhanced distribution capabilities and an expanded portfolio of global brands that will cater to the diverse needs of Filipino consumers. The acquisition reflects SSI’s strategy of continuous growth and expansion, which has seen the group return to expansion mode in recent years, following a 7.4 percent increase in its gross selling area in 2023.

As SSI continues to broaden its influence in the retail sector, the acquisition of Rustan Marketing Corp. is a significant step toward becoming a comprehensive, multi-channel distributor of premier global brands in the Philippines. With its increased reach and a wider array of retail channels, SSI is well-positioned to remain a key player in the ever-evolving Philippine retail landscape.


Original Article: https://tribune.net.ph/2025/04/20/ssi-group-acquires-rustans-in-p232-m-deal

Metro Retail Creates Pharmacy Subsidiary

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METRO Retail Stores Group, Inc. (MRSGI) is creating a new pharmacy unit by acquiring Apple Drugstore Corp. from its principal stockholder and making the firm a wholly owned subsidiary.

In a disclosure on Friday, Metro Retail said that last April 4, its board of directors approved the acquisition of Apple Drugstore via the sale of 2,500 common shares held by Viscal Development Corp. (VDC) at P100 apiece or a total of P250,000.

“MRSGI will centralize and manage its pharmacy operations through the creation of a wholly-owned subsidiary, Apple Drugstore Corp.,” the company said.

“The acquisition of Apple Drugstore Corp. is a strategic move to create a dedicated platform or vehicle for optimum operational efficiency, increased flexibility, enhanced focus and performance, and unlocking value,” it added.

The transaction value constitutes less than 10 percent of MRSGI’s total book value, with the company adding that full payment will be made in cash upon signing of the deed of conveyance of shares of stock.

Conditions precedent to closing of the deal include the approval of both companies’ boards and stockholders owning at least two-thirds of the outstanding capital stock of Apple Drugstore.

On Friday, Metro Retail shares rose 2.36 percent to close at P1.30 each.

 

Original Article: https://www.manilatimes.net/2025/04/12/business/corporate-news/metro-retail-creates-pharmacy-subsidiary/2090978#:~:text=METRO%20Retail%20Stores%20Group%2C%20Inc,firm%20a%20wholly%20owned%20subsidiary

Golden Goose Lands in Manila: Here’s Where to Buy Your Latest Fashion Find

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Italian luxury brand Golden Goose has opened its flagship store in the Philippines.

The brand, known for its intentionally distressed sneakers and streetwear, opened a standalone store at the Fashion Square of the Ayala-owned Greenbelt 5 in Makati City.

The 100-square-meter pop-up store, named Fioreria Golden, features stunning flower bouquets inside and out. Its vibrant green paint and tall glass panels create a striking contrast against the lush mall grounds.

Shoppers can customize their Golden Goose sneakers or bags through an in-house service.

Some of the international celebrities photographed wearing Golden Goose sneakers are Jennifer Lopez, Taylor Swift, Hailey Bieber, Gigi Hadid and Kendall Jenner.

 

Original Article: https://bilyonaryo.com/2025/02/22/golden-goose-lands-in-manila-heres-where-to-buy-your-latest-fashion-find/lifestyle/

PH Private Label Grocery Sales to Hit $896M in 2025 — USDA Report

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RetailWise-socmed-1


Total F&B groceries seen at $12.8B 


The country’s private label grocery market is projected to reach $896 million this year, according to a report by the USDA-Foreign Agricultural Service (FAS) Manila.

Private label products accounted for 7 percent of total food and beverage (F&B) grocery sales in the Philippines.

Total F&B grocery sales are projected to reach $12.8 billion in the Philippines this year, a 5 percent year-on-year increase, FAS Manila office said in a report dated Jan. 15.

“This growth is expected to continue at a compound annual growth rate (CAGR) of 5 percent over the next five years, outpacing the broader Asia Pacific market’s projected CAGR of 4 percent,” according to the FAS Manila.

Private labels are products manufactured or packaged for sale under the name of the retailer rather than that of the manufacturer.

“With some grocery operators aiming to double their private label portfolios within the next five years, significant opportunities exist for exporters to supply US food and beverage products under both US and grocers’ private label brands,” FAS Manila said.

In the past five years, private label products have made up an average of 7 to 10 percent of grocery food and beverage sales in the Philippines which is higher than the Asia Pacific average of 6 percent, FAS Manila said. 

The USDA-FAS Manila regularly reports on food and beverage grocery sales, including private labels, to help American exporters identify existing opportunities for the products in the Philippine market.

As of end-2024, SM Markets, Puregold Price Club and Robinsons Retail dominated the food and beverage grocery sector, which collectively accounted for 50 percent market share in terms of grocery operators, it added.
SM Markets accounted for a 22 percent share through its outlets such as SM Supermarket and Hypermarket, Savemore Supermarket, Alfamart convenience store and Waltermart Supermarket which carries private label brands such as SM Bonus, Alfa Savers and Everyday.

Puregold Price Club had a 16 percent share. Its stores include Puregold Supermarket, Hypermarket and S&R Membership Club selling private label brands like Pure Basics, Member’s Value and Fresh Pick.

Robinsons Retail covered 12 percent of the market. The company operates Robinsons Supermarket, Marketplace Supermarket, Shopwise Hypermarket and Uncle John’s convenience store, with private label brands Surebuy and Healthy You.

Independent grocery operators having a single grocery brand, such as 7-Eleven, Metro Retail Store Group, Super8, Landers and Prince Retail Group, cornered 14 percent of the market.

The remaining 36 percent share was spread over   more than 1.3 million micro-operators located throughout the country.

Original Article: https://malaya.com.ph/business/business-news/ph-private-label-grocery-sales-to-hit-896m-in-2025-usda-report/

Vietnam’s Cong Caphe to debut in the Philippines

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Vietnamese coffee chain Cong Caphe is set to open its first Philippine outlet in February at Gateway 2 Mall in Quezon City.

Known for its signature 1970s-inspired interiors and unique coffee offerings, the brand aims to bring an “authentic Vietnamese coffee experience” to Filipino customers. It makes its coffee using Vietnamese Robusta beans.

Founded in Hanoi in 2007 by former performance artist Linh Dung, Cong Caphe currently operates 66 stores across Vietnam, with 45 located in major cities such as Hanoi and Ho Chi Minh City. 

The cafe is known for its creative take on traditional Vietnamese coffee, including specialties like coconut coffee, coconut green rice coffee, and coconut pho coffee.

Cong Caphe made its international debut in Seoul, South Korea, in 2018 and has since expanded to Malaysia, Canada, Taiwan, and the Philippines. 


Original Article: https://insideretail.asia/2025/01/08/vietnams-cong-ca-phe-to-debut-in-the-philippines/

Bread Ahead Expands to the Philippines Through Partnership with SFRI

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Bread Ahead Expands into the Philippines: A Culinary Journey Begins

In an exciting development for the culinary landscape of the Philippines, the renowned bakery chain Bread Ahead has forged an exclusive franchise agreement with Specialty Food Retailers Inc. (SFRI). This significant partnership marks Bread Ahead’s inaugural entry into the Asian market, bringing with it a wealth of baking experience and a commitment to quality that has made it a beloved brand in the United Kingdom and beyond.

Founded in London in 2013 by Matthew Jones, Bread Ahead is celebrated for its artisanal approach to baking, specializing in sourdough bread, delectable doughnuts, and New York-style sourdough pizza, among other gastronomic delights. The brand’s reputation was built on a foundation of craft and quality, setting it apart in an increasingly competitive market. With six locations already established across the UK, as well as a growing presence in the Middle East with locations in Dubai and Saudi Arabia, Bread Ahead is poised for continued international growth.

SFRI, a wholly-owned subsidiary of the Rustan Group of Companies, is strategically positioned to facilitate Bread Ahead’s expansion in the Philippines. The local expertise and established networks of SFRI will be instrumental in launching a total of 15 new bakery locations throughout the archipelago, complemented by a dedicated bakery school. This initiative aims not only to provide high-quality baked goods but also to educate and inspire locals to embrace the art of baking. The bakery school will offer workshops that cover everything from classic techniques to innovative recipes, fostering a deeper appreciation for the craft of baking within the community.

The choice to enter the Philippine market reflects a broader trend among international brands looking to tap into the burgeoning culinary scene in Southeast Asia. As food culture continues to evolve, there is a growing appetite for artisanal and specialty food products. The collaboration between Bread Ahead and SFRI will undoubtedly enrich the local food ecosystem, offering a blend of British baking traditions and local tastes.

Furthermore, Bread Ahead’s ambitions do not stop at the Philippine archipelago. Plans are already underway to explore opportunities for advancement into neighboring countries. Such expansions could potentially establish Bread Ahead as a leading force within the region, catering to an expanding demographic of food enthusiasts eager for international flavors and experiences.

In the context of rising interest in food-related experiences, this venture resonates with a growing trend towards experiential dining. As consumers increasingly seek out not just food but the stories behind it, the introduction of a baking school aligns perfectly with contemporary dining philosophies that prioritize engagement and education. Through this fusion of dining and learning, Bread Ahead is set to cultivate a community of baking aficionados, further enhancing its brand loyalty.

As the Philippines grapples with its own unique economic challenges and opportunities in gastronomic tourism, the timing of Bread Ahead’s launch is particularly salient. The establishment of bakeries and a school dedicated to baking empowers local entrepreneurs and creators, enriching the community by fostering skills that can translate into various facets of the local economy.

In light of such developments, the expansion of Bread Ahead serves as a beacon of possibility. It illustrates the impact of thoughtful partnership and dedicated craftsmanship in an evolving global marketplace. As the brand prepares to make its mark on the Philippines, it promises to not only deliver high-quality baked goods but also to contribute to the cultural tapestry of the nation through culinary education and engagement.

In conclusion, the arrival of Bread Ahead in the Philippines signifies a new chapter in the region’s vibrant food scene. With its commitment to excellence and community engagement through educational initiatives, this partnership is poised to leave an indelible mark on the culinary landscape. As we look forward to the opening of these new locations, there is great anticipation for the delicious innovations that will emerge from this exciting collaboration.

The ramifications of such expansions underline the dynamic intersection of global trends and local cultures, illustrating how food can serve as a bridge between communities in an increasingly interconnected world.


Original Article: https://dxbmediagroup.com/bread-ahead-expands-to-the-philippines-through-partnership-with-sfri/