Robinsons Retail Holdings, Inc. (RRHI), the retail holding company of the Gokongwei Group, continues to expand its drugstore business with the recent opening of its 870th store.
RRHI in a disclosure to the stock exchange said unit drugstore chain Rose Pharmacy opened its newest store in Lapu-Lapu City, Cebu.
The store opening is part of RRHI’s strategy to aggressively expand its drugstore business across the country despite the pandemic.
Aside from Rose Pharmacy, RRHI also owns Southstar Drug and TGP, which has over 2,000 franchised stores nationwide.
“We are confident that there is still room to grow in Philippine pharma-retail as a large portion of the market remains underserved,” said RRHI drugstore department group general manager Christine Tueres.
“The newest Rose Pharmacy store in Plumera, Lapu-Lapu City is a milestone that further solidifies our commitment to bring reliable pharmaceutical products closer to our customers, as well as our plans to further deepen our presence as a major drugstore player in the country,” she added.