Puregold Price Club, Inc. or simply Puregold (stylized as PUREGOLD) is a chain of supermarkets in the Philippines trading goods such as consumer products (canned goods, housewares, toiletries, dry goods, and food products, among others) on a wholesale and retail basis. It currently has approximately 280 operating stores and over 20 food service stalls.

History

Puregold was founded on September 8, 1998 by Chinese-Filipino businessman Lucio Co and opened its first branch along Shaw Boulevard,

Mandaluyong Mandaluyong, officially the City of Mandaluyong ( fil, Lungsod ng Mandaluyong), is a first class highly urbanized city in the National Capital Region of the Philippines. According to the 2020 census, it has a population of 425,758 people. Loca ...

on December 12, 1998. In October 2011, Puregold Price Club went public and was inaugurated as a listing on the

Philippine Stock Exchange The Philippine Stock Exchange, Inc. ( fil, Pamilihang Sapi ng Pilipinas; ) is the national stock exchange of the Philippines. The exchange was created in 1992 from the merger of the Manila Stock Exchange and the Makati Stock Exchange. Includin ...

. In 2012, Puregold acquired Kareila Management Corp., which owns

S&R Membership Shopping S&R Membership Shopping is a chain of membership-only Retail format, retail warehouse club in the Philippines. History S&R Membership Shopping was established in 2001 as S&R Pricemart under a partnership with PriceSmart of the United States. The ...

(named after

Price Club Price Club was an American warehouse club, warehouse store chain. It merged with its competitor, Costco, Costco Wholesale, in 1993 and adopted the Costco name in 1997. The original Price Club warehouse is still open, operating as Costco location # ...

founders

Sol Sol or SOL may refer to: Astronomy * The Sun Currency * SOL Project, a currency project in France * French sol, or sou * Argentine sol * Bolivian sol, the currency of Bolivia from 1827 to 1864 * Peruvian sol, introduced in 1991 * Peruvian sol ( ...

and Robert Price) and Parco. Over 19 operating outlets were purchased and converted to Puregold. The shareholders of the retail chain Puregold have approved the merger of the other two operating units into the parent company, consolidating Puregold's supermarket businesses under the publicly listed supermarket operator. In February 2013, global investment firm Capital Group Companies (CGC) bought 5.4% total outstanding stock of Puregold. In May 2014, Puregold formed a joint venture with Japanese convenience store chain

Lawson Lawson may refer to: Places Australia * Lawson, Australian Capital Territory, a suburb of Canberra * Lawson, New South Wales, a town in the Blue Mountains Canada * Lawson, Saskatchewan * Lawson Island, Nunavut United States * Lawson, Arkansas ...

under the name PG Lawson Inc. Puregold owns 70% of the venture and they opened their first branch in San Andres,

Manila Manila ( , ; fil, Maynila, ), officially the City of Manila ( fil, Lungsod ng Maynila, ), is the capital of the Philippines, and its second-most populous city. It is highly urbanized and, as of 2019, was the world's most densely populate ...

on March 30, 2015.

References

External links

Official website
{{DEFAULTSORT:Puregold Retail companies established in 1998 Supermarkets of the Philippines Companies listed on the Philippine Stock Exchange Companies based in Manila 1998 establishments in the Philippines