Philippines: 1,300 retail outlets will be merged into SM Retail in exchange for shares of stock in SM Retail’s expanded net assets

Pasay City, Philippines, 2016-Jul-13 — /EPR Retail News/ — SM Investments reported today that the company has obtained the approval of the Securities and Exchange Commission for the merger of Sy family-owned specialty stores into SM Retail Inc. Under the terms of the deal, over 1,300 retail outlets will be folded into SM Retail in exchange […]