( June 10, 2015, 09:11 GMT | Insight) -- Philippine retail giant SM Investments Corp., owner of SM Supermarket, Hypermarket, Savemore and Waltermart grocery chains, is in talks to buy grocery pioneer Cherry Foodarama, ABS-CBN News reported. Cherry Foodarama has been in business since the 1950s an...Philippine retail giant SM Investments Corp., owner of SM Supermarket, Hypermarket, Savemore and Waltermart grocery chains, is in talks to buy grocery pioneer Cherry Foodarama, ABS-CBN News reported. Cherry Foodarama has been in business since the 1950s and has three branches in the country’s capital. Its acquisition will add to SM's 229 grocery stores in the country, which brings SM’s total number of stores a little closer to that of industry rival Puregold Price Club, which has 254 grocery stores nationwide....
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