Home Retailing Convenience Store More details emerged on Alfamart Philippines foray

More details emerged on Alfamart Philippines foray

More information was revealed by Sumber Alfaria Trijaya on its Philippines foray at its shareholder’s meeting on 25 June 2014.

Summary:

Q3, 2014 – First distribution centre will open
By end-2014 – About 20 convenience stores will open
Within 2 years – 300 convenience stores running
Joint venture partner: Name not disclose. Likely to be SM Group, according to news reports.
Confirmed, it is SM
“We are still planning with them,” Teresita Sy-Coson, SM Investments vice chairwoman said in a text message to ANC, according to the report by ABS-CBN on 7 July 2014.

Sumber Alfaria Trijaya will take a 35% stake in the joint venture.

Related posts:

Rising Labour Cost Hurts Alfamart
Alfamart Going to the Philippines
Alfamart Starts Recruitment in the Philippines 
Alfamart to open 100-200 stores in ASEAN 
Exclusive: On the ground visit to Alfamart in Trece

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