THE business group of retail estate magnate and former Senator Manuel Villar and family will be developing its new furniture store brand AllHome in the next five years under a plan that may include a public listing.
“In the next five years, we will be ramping up the establishment of AllHome stores,” Villar said. “Hopefully, we can open six to eight every year, nationwide.”
AllHome is under the Villar Group of Companies’ retail arm All Value Holdings Corporation.
The Villar Group of Companies plans to conduct a maiden public offering within the first three years of a five-year plan—when AllHome stores have already reached 30 to 40 units by 2018 nationwide.
In the next five years to 2020, AllHome will have a total of 42 to 56 stores with units across the country, the group said.
Within the five-year plan, All Value is set to spend up to P16.8 billion for the store openings in the next five years, considering the group is spending up to P300 million to build one AllHome unit.
By 2020, AllHome’s total floor area is pegged to reach about 360,000 square meters.
An AllHome unit on the average measures 9,000 to 9,500 square meters, expandable to up to 12,000 square meters.
Retail firm All Value is an affiliate of publicly listed property firm Vista Land and Lifescapes Inc., which also operates commercial malls firm Starmalls Inc.
Villar and his family head the group.
Recently, the Villar Group opened its 12th AllHome outlet inside its Vista Mall in San Fernando, Pampanga, completing the group’s expansion plans for 2015.
“AllHome Pampanga is strategically located at Vista Mall along MacArthur Highway, in close proximity to thriving residential communities, such as Camella Andalusia,” the group said in a statement.
The group said AllHome Pampanga is seen to thrive because the area is considered “a home to many established residential communities, surrounded by growing business establishment, and a preferred destination for leisure.”
The opening of AllHome Pampanga is in line with the group’s targets, as All Value owner Manuel Villar Jr. earlier said the group plans to close 2015 with 12 AllHome stores and expanding two existing outlets, mostly located in Luzon.
The company plans to build a total of eight AllHome stores next year, raising store the count to 20 and extending more outside Luzon as it will open AllHome stores in Cagayan de Oro, Iloilo and Davao.
Aside from AllHome stores under All Value, the Villar Group via its ultimate parent conglomerate Fine Properties Inc. is also ramping up its business in the convenience stores arena with its All Day store chain.