ROBINSONS Retail Holdings, Inc. (RRHI) continues to expand its drugstore business with the launch of the 870th Rose Pharmacy drugstore in Cebu’s Lapu-Lapu City on Sept. 17.
“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,” RRHI Group General Manager Christine O. Tueres said in a statement on Tuesday.
The listed retailer acquired the pharmacy brand in 2020 from Dairy Farm International Holdings, Ltd. wholly owned unit Mulgrave Corp. B.V.
Rose Pharmacy retails medicine and personal care products as well as in-house names Rose Pharmacy Generics and Singapore-based Guardian Pharmacy’s personal care products.
“Since our acquisition of Rose Pharmacy in 2020, we have seen various possibilities in further shaping our drugstore portfolio to address current and relevant customer needs,” said Robina Gokongwei-Pe, president and chief executive officer of RRHI.
Prior to Rose Pharmacy, RRHI acquired Southstar Drug in 2012 and community drugstore chain TGP (The Generics Pharmacy) in 2016.
TGP has over 2,000 franchised stores nationwide, offering generic and affordable medical products.
Meanwhile, Southstar Drug and Rose Pharmacy each have an e-commerce site, southstardrug.com.ph and rosepharmacy.com. These accept orders online and offer delivery services.
RRHI said it has an “aggressive pipeline” to further expand its drugstore business in the country.
“We are confident that there is still room to grow in Philippine pharma-retail as a large portion of the market remains unserved,” said Ms. Tueres.
Shares of RRHI at the stock exchange went down by 1.21% or 60 centavos on Tuesday, closing at P49.15 apiece. — Keren Concepcion G. Valmonte