Ministop Philippines is now Uncle John’s, as part of its ownership change after the Gokongwei Group bought out its Japanese partner in the convenience store chain earlier this year.
IN an effort to boost coin circulation in the economy, the Bangko Sentral ng Pilipinas (BSP) is set to install so-called coin deposit machines in retail areas across Metro Manila and nearby provinces. The BSP said it has recently signed a memorandum of agreement (MOA) with various retailers for the…
RRHI pays P200 million to buy out Japanese partner in Ministop philstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philstar.com Daily Mail and Mail on Sunday newspapers.
“Based on PCC’s merger rules, the Commission acknowledges that Robinsons’ current majority stake in Ministop already affords them control, and Robinsons is no longer required to notify the proposed acquisition to the antitrust commission,” the antitrust body said.
The Gokongwei Group does not need to notify the antitrust watchdog of its complete takeover of the Ministop franchise in the Philippines as it already controls the majority stake in the convenience store chain.