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Tag: PCC

Retail Asia05/02/2018
Goldilocks.jpg
Food

SM scraps Goldilocks acquisition deal

1min0
SM Retail, a subsidiary of SM Investment Corporation (SMIC), has called off a planned acquisition of Goldilocks Bakeshop chain in the Philippines. This follows the Philippine Competition Commission (PCC) approving the takeover just last month. Citing changes in the business environment, SMIC corporate secretary Elmer Serrano has confirmed that SM Retail has backed out of the deal, […]
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Retail Asia12/01/2018
goldilocks-tart.jpg
Food

SM acquisition of Goldilocks OKd

3min0
SM Retail has received approval from the Philippines antitrust body to acquire the Goldilocks Bakeshop chain. This follows the two parties submitting commitments to address potential competition issues in the deal, says the Philippine Competition Commission (PCC). SM Retail is a subsidiary of SM Investment (SMIC), which through another subsidiary, SM Prime Holdings (SMPHI), runs […]
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Retail Asia02/09/2016
pldt-rocket-united-internet-20140807_1B7346C901494C2EAB10E2E2DE8EADEC.jpg
Telecom

Philippine court freezes PCC probe into SMC sale

2min0
The Philippines’ Court of Appeals has halted the Philippine Competition Commission’s (PCC) investigation into Globe and PLDT’s joint acquisition of San Miguel Corporation’s telecoms assets. The court has agreed to a request by PLDT to grant temporary relief while the case is before the courts, issuing a preliminary injunction against the competition regulator’s proe. Accordingly […]
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