For Robinsons Retail, it’s business as usual as a private company
Robinsons Retail Holdings Inc. has officially ended its nearly 13-year run on the Philippine Stock Exchange, and while its executives have things they will miss about life as a listed company, there are also things they will gladly leave behind.
Robinsons Retail Holdings Inc. (RRHI), a major Philippine retailer, has officially transitioned from being a listed company to a private entity. RRHI chairman Robina Gokongwei-Pe expressed that the most significant change would be the end of explaining the company's operations to young analysts. She emphasized that RRHI would continue to operate as if it were still a listed company.
RRHI president and CEO Stanley Co added that the shift to private status means less time spent communicating with investors. Despite the delisting, the company's diverse portfolio of brands, including Uncle John’s, Shopwise, and True Value, continues to thrive. RRHI remains committed to maintaining its independent directors and ensuring a high customer experience.
The company currently operates 2,782 stores across various categories, with plans for future growth and acquisitions, should opportunities arise.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
