Puregold aims to grow faster than local economy

MANILA, Philippines – Grocery chain operator Puregold Price Club Inc. plans to open 30 new Puregold stores in 2026 as it sets aside P8.8 billion in capital expenditures (capex) to support growth amid a challenging macroeconomic backdrop. The tycoon Lucio Co-led retailer is targeting to grow revenues by 5 percent to 7 percent this year,