Puregold Acquires 8 Budgetlane Stores

Manila—(PHStocks)—Puregold Price Club Inc. (PSE: PGOLD) has acquired eight supermarket stores operating under the trade name Budgetlane.

The eight newly acquired commercial supermarkets are strategically located in prime areas of Metro Manila and Luzon, and will serve as key component to the growth and expansion strategies of the company.

This acquisition reinforces the company’s continuing commitment and focus to serve the broad consumer mass market.

As of end of 1H 2015, Puregold has 258 stores nationwide including nine S&R stores and 10 S&R New York Style QSR.

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