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AllHome plans 45 new openings this year and next

AllHome had 25 locations in the middle of the year.

AllHome had 25 locations in the middle of the year.

The Philippine home improvement chain AllHome wants to increase its number of branches in this year still from 25 at the middle of the year to 45. Twelve of the 20 new locations are situated in the Greater Manila area. In the upcoming year another 25 new locations are to be added. In order to finance the expansion, a stock market floatation is planned for October in which 34.5 per cent of the company shares are to be sold. According to the sales prospectus, sales of PHP 4.9 bn (EUR 90 mio) in 2017 rose to PHP 7.19 bn (EUR 130 mio) last year. Same store sales grew by 16.3 per cent. In the first half of 2019 sales rose to PHP 5.05 bn (EUR 90 mio); that is an increase in same store sales of 26.5 per cent.

The trade journal DIY International will be publishing a detailed report on AllHome in its 4/2019 edition, which is available at the start of November.

|17 September 2019


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