Rose Pharmacy, one of the leading drugstore chains in the Philippines with over 300 stores nationwide is now owned by the Gokongwei Group.
In a disclosure at the Philippine Stock Exchange, the acquisition by Robinsons Retail Holdings, Inc. (RRHI), through its subsidiary, South Star Drug Inc., and Mulgrave Corporation B.V (MCBV), a wholly-owned subsidiary of Dairy Farm International Holdings, Ltd., was made official with the virtual signing of a share purchase agreement to acquire 100% of Rose Pharmacy Inc. last October 16.
Download full disclosure HERE.
Rose Pharmacy was established in 1952 as a family-run drugstore in Cebu City with the goal of providing quality and affordable medicines to communities. Dairy Farm acquired 49% share in the Cebu-based business in 2015, and in November 2018, Dairy Farm increased its interest in Rose Pharmacy to 100%.