September 24, 2013

Villar group consolidating retail assets

Based on the Philippine Daily Inquirer and Manila Times, Manuel Villar Jr. is consolidating its retail assets under a new holding company.

MBV Retail Holdings would have an initial capital of P1 billion. It will house Villar group’s convenience store chain Finds and housing/building materials supply store All Home.  All Home is an affiliate of listed developer Vista Land and Lifescapes, Inc. which Villar chairs.

The plan is to end 2013 with 100 Finds/All Day stores from the present 80 and to double that number by 2014.  All Home will be rolled out with five branches for 2013 and another five by 2014. - WealthSec