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 Shaw Boulevard (formerly known as Jose Rizal Boulevard and Pasig Boulevard or commonly known as Crossing) is a 4-8 lane highway connecting the cities of Mandaluyong and Pasig in the Philippines. The boulevard is named after William James Shaw, ...

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. In 2012, Puregold acquired Kareila Management Corp., which owns S&R Membership Shopping (named after Price Club founders 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 Capital Group is an American financial services company. It ranks among the world's oldest and largest investment management organizations, with over $2.6 trillion in assets under management. Founded in Los Angeles, California in 1931, it is ...

(CGC) bought 5.4% total outstanding stock of Puregold. In May 2014, Puregold formed a joint venture with Japanese convenience store chain Lawson 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