By The Financial District
Nov 20, 20231 min
Robinsons Retail Holdings Inc. (RRHI) has obtained clearance from the Philippine Competition Commission (PCC) for its acquisition of Rose Pharmacy Inc.
As of the first nine months of 2023, Rose Pharmacy has achieved close to P8 billion in net sales, reflecting a year-on-year increase of 15.1 percent. I Photo: Ayala Malls Abreeza Facebook
The acquisition was carried out through RRHI's subsidiary, South Star Drug Inc., which purchased 100 percent of Rose Pharmacy from Mulgrave Corporation B.V (MCBV), a wholly-owned subsidiary of Dairy Farm International Holdings Ltd.
Rose Pharmacy, established in 1952 as a family-run drugstore in Cebu City, has become one of the leading drugstore chains in the Philippines. It aims to provide quality and affordable medicines to communities.
As of the first nine months of 2023, Rose Pharmacy has achieved close to P8 billion in net sales, reflecting a year-on-year increase of 15.1 percent. The chain operates over 394 stores strategically located in Visayas and Mindanao.