Robinsons Retail considers delisting after P48.30 share buyout offer

Robinsons Retail Holdings Inc. (RRHI) is looking into the possibility of delisting from the Philippine Stock Exchange, as shareholder JE Holdings Inc. has offered to buy out public shares at P48.30 apiece.

The company has since requested a voluntary trading suspension of its shares which were last recorded at P38.95 each, to allow investors to take into account the development. Trading is expected to resume on Monday, March 30, 2026.

“Given JE Holdings’ intention to conduct the Tender Offer, and subject to satisfaction of certain requirements, the company intends to evaluate the feasibility and potential advantages of pursuing a voluntary delisting during its special board meeting scheduled today, March 27, 2026,” RRHI said.

JE Holdings’ offer, support by a fairness opinion by FTI Consulting Philippines Inc., of P48.30 per share remains above the last recorded share price, but is below the offer price of P58.00.

RRHI’s core retail operations are segmented into supemarkets, department stores, DIY stores, convenience stores, drug stores, and specialty stores.

Its portfolio includes malls, supermarkets, and department stores under the “Robinsons” brand name, Handyman Do it Best, True Value, Toys R’ Us, Uncle John’s, Daiso Japan, Pet Lovers Centre, No Brand, Savers Appliances, South Star Drug, The Generics Pharmacy, and Super50.

The company on Wednesday announced plans to gradually wind down operations of all its 11 No Brand stores in the country by the end of June 2026, as it seeks to simplify its portfolio and focus on retail formats that “deliver strong and sustainable returns.”

RRHI closed 2025 with a 6.0% growth in its core net earnings to P6.743 billion, as net sales climbed 5.7% to P210.423 billion.—AOL, GMA Integrated News