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Tag: All Day

  • FamilyMart Philippines chain up for auction

    FamilyMart Philippines chain up for auction

    FamilyMart Philippines convenience-store chain, partly owned by the Ayala and Tantoco groups, is up for auction.

    With about 70 stores, the Japanese chain has been offered to prospective investors in the past few months.

    Ayala Land and the Rustan’s group, via their equally owned JV firm Sial CVS Retailers, in 2012 signed a deal with FamilyMart and Itochu Corporation to develop and run FamilyMart convenience stores in the Philippines.
    FamilyMart has been closing unprofitable stores over the past 12 months.

    In the convenience store market in past six years, new brands have been challenging 7-Eleven and MiniStop, respectively run by Philippine Seven Corporation (PSC) and Robinsons Retail Holdings.

    Aside from FamilyMart, the Puregold group also brought Japan’s Lawson into the market while the SM group introduced Indonesian brand Alfamart. Meanwhile, real-estate magnate Manuel Villar has also built his own convenience-store network, All Day.

    To date, the two original brands still lead the market, with 7-Eleven surpassing 2000 outlets while Mini-Stop has at least 500 stores.

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  • Manny Villar eyes expansions in retail, real estate

    Manny Villar eyes expansions in retail, real estate

    Former Senator Manny Villar is all about business these days.

    Villar said his company will continue to expand into the retail industry, seeing it as an integral part of the firm’s business model.

    As chairman of MBV Retail, Villar has launched a convenience store, department store, and housing goods store under the “All” brand.

    “We have entered in a big way into retail because we feel that retail and malls, they go together. We are very happy with the results, and we are encouraged by the results,” Villar told ANC’s Cathy Yang in an exclusive interview at the sidelines of the Forbes Global CEO Conference in Solaire.

    MBV Retail was formed in 2013 to carry the brands All Shoppe, All Home, and All Day, which is the only local player in a very competitive convenience store business.

    “Family Mart, 7-Eleven and Mini Stop are Japanese brands, but the only Filipino brand is All Day. And I’m very proud of that,” said Villar.

    Villar is also chairman of property firm Vista Land, which he also expects to continue expanding its reach.

    He said that from the current 92 cities and municipalities nationwide, Vista Land is looking to expand its presence to 120 cities and municipalities.

    “There’s no limit as to how far we can go,” he said.

    Villar believes that 2015 will continue to be a banner year for the property industry in the country.

    “I don’t see any change in 2015, there are challenges though. The world market is not as stable now, with what’s happening to China, and capital markets. But the Philippines is doing OK, since we’re in the Philippines, we’ll be OK,” the former senator said.

    Villar is the 13th richest man in the Philippines with a net worth of $1.5 billion. His wife, Cynthia, took his place in politics, something the former Senate president said will not be part of his plans in the near future.

    “I’m happy where I am now, I’m enjoying business. You can still do public service while in business, that’s what I discovered. That makes me happy,” he said.

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