Puregold scoops up DivimartPuregold explained that the deal covered 14 DiviMart supermarkets, including leasehold improvements, furniture, fixtures, equipment, and merchandise inventory. MANILA, Philippines — Puregold Price Club Inc. acquired a number of DiviMart supermarkets, with plans to convert more into the namesake grocery chain. Puregold explained that the deal covered 14 DiviMart supermarkets, including leasehold improvements, furniture, fixtures, equipment, and merchandise inventory. The disclosure indicated the acquisition gave the listed company access to all DiviMart supermarket locations, which can be converted to Puregold stores under a sublease transaction. Likewise, Puregold disclosed that an additional 18 DiviMart locations are under evaluation for a “possible conversion” into Puregold stores.

Source: Philippine Star June 21, 2023 16:46 UTC