MerryMart, the new player in the country’s supermarket industry is expanding its portfolio with new store openings this year including two in Cagayan de Oro City, both at CityMall branches.
MerryMart will occupy the large space at CityMall Bulua as shown below.
Meanwhile, MerryMart will replace SaveMore Market at CityMall Iponan which has yet to open since the mall started operations in October 2018.
Read related link below on replacement of SaveMore in all CityMalls nationwide.
MerryMart is owned and operated by MerryMart Consumer Corp. (MM) led by young tycoon and Mang Inasal founder Edgar Sia II and which recently made its debut at the Philippine Stock Exchange, becoming just the first company to conduct an initial public offering (IPO) this year amid the pandemic.
Just days before its IPO, MerryMart released its new branch opening schedule in the post-lockdown period. As shown below, MerryMart Bulua is scheduled to open on August 8, 2020 while MerryMart Iponan will open on October 1, 2020.
The MM Group is aiming to have a total of 100 branches located all over the Philippines by the fourth quarter of 2021. MM is a wholly-owned subsidiary of Injap Investments Inc., which also owns 35% of DoubleDragon Properties Corp.