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SSI acquires Rustan Marketing for P232 milion
The Freeman
|March 31, 2025
MANILA, Philippines-Listed specialty retailer SSI Group Inc. is bolstering its presence in the country's retail space by bringing the Tantoco family's wholesale distributor of renowned global brands under its umbrella.
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In a stock exchange filing, SSI said its board has approved the acquisition by its wholly owned subsidiary Stores Specialists Inc. of 99.44 percent of Rustan Marketing Corp. (RMK) for P232 million.
RMK, which is owned by members of the Tantoco family, is one of the country's largest wholesale distributor of renowned global brands with products ranging from fragrances, beauty, fashion, footwear, luggage, home and lifestyle.
The company was established in 1964 and is key to the successful market entry of numerous brands and the subsequent expansion of their business into major cities nationwide.
Cette histoire est tirée de l'édition March 31, 2025 de The Freeman.
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