Tuesday 19 June 2018
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5 months ago

Uy completes purchase of PH FamilyMart

Davao-based businessman Dennis Uy has completed a 100-percent buyout of Philippine FamilyMart CVS Inc. (PFM), operator of the chain of 67 Family Mart convenience stores in the Philippines, from the Ayala and Tantoco groups and their Japanese partners. While the foreign partners, FamilyMart Co. Ltd. and Itochu Corp. likewise unloaded their interest in PFM in favor of Uy-led petroleum distributor Phoenix Petroleum. An exclusive area franchise deal for FamilyMart had been granted to PFM under the management o

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