DoubleDragon Corp., the developer behind Hotel 101 and various commercial projects, is pushing further into essential retail by buying a 35-percent stake in grocery and pharmacy operator MerryMart Consumer Corp.
Tycoon Edgar “Injap” Sia II’s supermarket group MerryMart Consumer Corp. continues its nationwide expansion with the opening of its 135th branch today at Ayala Cresendo Estate, Tarlac.
Tycoon Edgar “Injap” Sia II’s supermarket and grocery store chain Merry Mart Consumer Corp. grew profits during the first half of 2024 by over 140 percent to P16.1 million as revenues jumped almost 30 percent to P3.81 billion.
Tycoon Edgar “Injap” Sia II’s supermarket group MerryMart Consumer Corp. reported a profit of P408.2 million on revenues of P6.3 billion amid the expansion of its wholesale e-commerce business and improvements in scale and transaction value.