DFI sells 22.2% stake in Philippines multiformat retailer Robinsons Retail
Asian retailer DFI Retail Group has disclosed the divestiture of 315,309,310 shares in Philippines’ multi-format retailer Robinsons Retail Holdings, Inc (RRHI), which equates to 22.2% of RRHI’s issued share capital.
The move is part of DFI’s strategic transition towards becoming a more concentrated operating entity. This shift will allow the group to relinquish minority stakes and reallocate funds towards the expansion and enhanced profitability of its subsidiary entities.
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RRHI said in a statement: “This transaction reflects our continued commitment to optimising capital allocation and strengthening stakeholder value. It also demonstrates our confidence in Robinsons Retail’s long-term growth prospects amidst a dynamic and evolving domestic retail landscape.”
The stake reacquisition was executed through a special block sale on the Philippine Stock Exchange. The pricing was determined based on the current market conditions and strategic considerations.
The partnership between DFI and Robinsons Retail began in 2018 when DFI became a significant minority shareholder in RRHI through a share-for-share swap transaction involving Rustan Supercenters.
The recent divestment prompts DFI to reassess the use of the proceeds to support its capital allocation strategy and long-term growth, with a focus on digital retail media, own brand innovation and omnichannel capabilities.
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By GlobalDataRobinsons Retail has acknowledged the role of DFI in its growth trajectory, particularly highlighting the acquisition of stakes in premium supermarkets such as The Marketplace and Shopwise, and drugstore businesses such as Rose Pharmacy, that have bolstered its market presence in the Philippines.
The ongoing commercial partnership includes the exclusive distribution of DFI’s private label brands, Meadows and Guardian, in the country.
DFI Retail Group CEO Scott Price stated: “We would like to sincerely thank the Robinsons Retail team for their hard work, partnership and commitment over the years. Our collaboration has been instrumental in growing our presence in the Philippines, and we look forward to continuing this strong relationship as we each focus on our strategic priorities.
“This transaction represents a significant step in our evolution as an operating company, enabling us to redeploy capital to support growth and enhance shareholder returns across our subsidiary businesses. We will evaluate the deployment of divestment proceeds to ensure alignment with our capital allocation strategy and long-term growth ambitions.”
In May 2025, DFI partnered with fresh food e-commerce platformDingdong to enhance their supply chains and retail networks.
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