Metro Retail Ventures into Boutique Format

MANILA, Philippines — Metro Retail Stores Group Inc., the listed retail company of the Gaisano Group, is entering a new retail category through the introduction a premium lifestyle store format.

Called Metro Corner, the new store format launched by Metro Retail at Mandani Bay in Cebu “combines the accessibility of a neighborhood store with the sophistication of a boutique shopping experience.”

Metro Corner represents the next chapter of Metro Retail’s innovation in serving our customers,” Metro Retail president and COO Joel Orense said.

“It’s a new store format that reflects how shopping is changing in urban communities, compact and closer, designed around convenience without losing the warmth and quality Metro is known for,” Orense said.

According to Metro Retail, Metro Corner offers a balance between everyday necessities and refined lifestyle finds through a curated selection of essentials, artisan goods, organic products and international specialties.

Unlike traditional supermarket formats, the company said Metro Corner is designed “to feel intimate and inviting, featuring modern interiors, organized layouts and easy navigation that promote quick yet enjoyable shopping.”

The store aims to offer a seamless experience for customers on the go with fresh selections, personalized service and faster checkout options.

“We’re proud to be part of Mandani Bay’s growing community. This opening reflects our broader goal of building meaningful connections with our customers, meeting them where they are and enhancing the everyday experience of city living,” Orense said.

Mandani Bay is a rapidly developing mixed-use community in Mandaue City.

Metro Retail said its growing population of residents, professionals and visitors aligns with the store’s mission to bring convenience and curated quality right around the corner.


Original article:
 https://www.philstar.com/business/2025/10/29/2483193/metro-retail-ventures-boutique-format

 

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Metro Retail Creates Pharmacy Subsidiary

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