LONDON: DFI Retail Group Holdings (DFI) announced the sale of 315,309,310 common shares in Robinsons Retail Holdings, Inc. (“RRHI”), representing approximately 22.2% of RRHI’s outstanding shares.
The transaction aligns with DFI’s strategic shift from a portfolio investor to a focused operating company, allowing the Group to divest minority holdings and reallocate capital toward subsidiary growth and higher returns.
DFI initially became a significant minority shareholder in RRHI in 2018 through a share-for-share swap involving Rustan Supercenters, Inc.
Following the divestment, the Group will evaluate the use of proceeds to support its capital allocation strategy and long-term growth priorities, including—but not limited to—expanding digital retail media, advancing private-label innovation, and strengthening omnichannel capabilities across key markets.
DFI remains confident in RRHI’s long-term prospects and the continued success of its exclusive distribution of the Meadows and Guardian brands.
Scott Price, Group Chief Executive of DFI Retail Group, said: “We sincerely thank the Robinsons Retail team for their hard work, partnership, and dedication over the years. Our collaboration has been pivotal in expanding our presence in the Philippines, and we look forward to maintaining this strong relationship as we each pursue our strategic priorities.”
“This transaction marks a key milestone in our evolution as an operating company, enabling us to reinvest capital to drive growth and deliver stronger shareholder returns across our subsidiaries. We will carefully assess the deployment of divestment proceeds to ensure alignment with our capital allocation strategy and long-term objectives.”
The shares were sold via a special block trade on the Philippine Stock Exchange, with pricing determined by prevailing market conditions and strategic considerations.