Record Sales At Hypermarket Chain Puregold Price Club Lands Cofounders Lucio And Susan Co Among The Philippines’ Top Five Richest

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This communicative is portion of Forbes’ sum of Philippines’ Richest 2026. See the afloat database here.

Lucio and Susan Co, the billionaire cofounders of hypermarket and supermarket concatenation Puregold Price Club, participate the apical 5 ranks of the country’s richest for the first clip astatine No. 4 pinch a shared luck of $3.3 billion, up 10% connected year. Amid a spike successful inflation, the company, which is tally by the couple’s son, Ferdinand, clocked a 24% jump successful nett profit to 3.3 cardinal pesos ($54 million) connected gross of 59 cardinal pesos successful the first 4th of 2026. Analysts opportunity Puregold has successfully fended disconnected rivals specified arsenic Swiss discount concatenation Dali pinch a play blitz of promotional offers for price-conscious customers.

From a azygous shop group up successful 1998, the Cos person built Puregold into a nationwide concatenation pinch astir 800 outlets, including a drawstring of storage clubs and quick-service pizza restaurants. Apart from retailing, the brace person diversified into areas specified arsenic finance, existent property and energy. In May, they doubled down connected their h2o inferior business by concluding the acquisition of PrimeWater Infrastructure, which supplies 161 cities and towns, from spot tycoon Manuel Villar astatine an undisclosed price. The Cos besides
control The Keepers Holdings, an importer of liquors and wines.