A unit of the Gokongwei-led Robinsons Retail Holdings Inc. (RRHI) has acquired the assets of a local retailer that has the right to sell in the Philippines two of the most popular cosmetic brands in the international market.
In a filing with the Philippine Stock Exchange, RRHI disclosed that through its wholly owned subsidiary Robinsons Specialty Stores Inc., it acquired the assets of Beauty Skinnovations Retail Inc. (BSRI), a company that operates eight Shiseido stores and two Benefit stores in various leading malls in Metro Manila, Cebu and Davao.
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