Robinsons Retail Acquires 51% of TGP Generics Drugstore

Robinsons Retail Group has acquired 51 percent of The Generics Pharmacy (TGP), the country’s largest and fastest growing generics drugstore chain with over 1,800 stores.

Robinsons Retail’s acquisition of TGP combined with South Star Drug will put the retail drugstore network of the group to nearly 2,200 stores nationwide, the largest in terms of the total number of store outlets in the country, targeting all types of consumers and covering all segments of the drugstore business.

“We are very excited to partner with TGP. This is because TGP strongly believes in its vision to offer quality products at very affordable prices and in convenient locations. It is an honor to continue the company’s legacy and to further grow the business,” said Robinsons Retail President and Chief Operating Officer Robina Gokongwei-Pe.

The Liuson family which founded TGP has been in the pharmaceutical business since 1959. TGP brings affordable healthcare and medicines more accessible to far-flung areas of the country through the franchising business model.

“It is our hope to bring our business a step higher with our partnership with Robinsons Retail,” said Benjamin Liuson, founder and Chairman of the Board of TGP. (PNA) RMA/LDV