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RRHI ventures into motorcycles
Manila Bulletin
|July 29 2025
Robinsons Supermarket Corp., a wholly owned subsidiary of the Gokongwei Group’s Robinsons Retail Holdings Inc. (RRHI), is expanding into the motorcycle business by acquiring 100 percent of Lance Gokongwei’s Premiumbikes Corp. for P146.4 million.
In a disclosure to the Philippine Stock Exchange (PSE), RRHI said Robinsons Supermarket signed a share purchase agreement to acquire Premiumbikes following the approval of the transaction by the company’s board of directors.
Premiumbikes is a motorcycle retailer in the Philippines, currently operating 214 stores nationwide. The agreed purchase price of P146.4 million is equivalent to Premiumbikes’ audited book value for 2024.
RRHI said it engaged a third-party financial consultant to prepare a fairness opinion and valuation report on the Premiumbikes shares.
This story is from the July 29 2025 edition of Manila Bulletin.
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