Three of the largest companies in the Philippines has made it to this year’s “Forbes Asia Fabulous 50 List,” joining the high rank of the corporate stars in the Asia-Pacific region.
The firms on the list are fastfood giant Jollibee Foods Corporation (JFC), the chain of supermarkets Puregold Price Club Inc., and Gokongwei-led holding firm Robinsons Retail Holdings Inc. (RRHI).
The aforementioned list consists of the most publicly-traded companies in the Asia Pacific region, which Forbes dubbed as “the region’s best of the best.”
The International fast-food restaurant chain Jollibee was reported to have a market capitalization of $5.9 billion as of August of this year, with a total of 18,295 employees.
While the Philippine operations of the said fast food chain account for some 80 percent of sales, it also operates businesses in Singapore, Vietnam and the Middle East, as well as in the United States.
Puregold, on the other hand, registered a market capitalization of $2.6 billion as of end-August 2016, with 5,199 total employees.
Puregold company ended the 2015 with a total of 135 hypermarkets, 93 supermarkets, 28 extras, 10 S&R warehouse clubs, and 16 S&Rs – Quick Service Restaurants. In 2012, Puregold acquired Kareila Management Corp., which owns the S&R Membership Shopping and Parco. Over 19 operating outlets in that time were purchased and converted to Puregold. The shareholders of the retail chain Puregold have approved the merger of the other two operating units into the parent company, consolidating Puregold’s supermarket businesses under the publicly listed supermarket operator.
Also on the list is Robinsons Retail, which has a market capitalization of $2.5 billion as of this month and 9,967 employees.
Robinsons Retail has for its core retail operations six business segments—supermarkets, department stores, do-it-yourself (DIY) shops, 24/7 convenience stores, drug stores, and specialty stores.
The company’s brands include “Handyman Do it Best,” “True Value,” Topshop,” “Toys ‘R’ Us,” and “Ministop.”
The “Forbes Asia Fabulous 50 List” companies were picked from a poll of 1,524 public companies which have at least $1.7 billion in annual revenue, and private firms are excluded from the list.
There is no question that year’s top company in Forbes’ list is the China-based internet retail giant Alibaba Group Holding Ltd., with a market capitalization of $200.7 billion.