With his exit from politics, former senator Manny Villar is staging a comeback with a plan to grow bigger his recently formed P1-billion retailing business.
MBV Retail Holdings Corp., which has a market capitalization of P1 billion, is the recently established retail business of Villar. MBV Retail is composed of convenient store business, home improvement and construction products and services, among others.
Villar said the group is "open to future formats," specifying that it is not ruling out the possibility to include supermarket and healthcare components in MBV Retail.
"We're beefing up our retail capability. We assigned top notch senior officers to the company. We will be putting more capital as we move along," Villar said in an interview with reporters over the weekend, adding that the company's market capital of P1 billion may be fully utilized any time soon.
"We want to go big into retailing," Villar further said.
Eventually, he said that the company may also list at the Philippine Stock Exchange, and this gives the group at least five years before it can completely establish a firmer business portfolio.
The retail business components under MBV Retail are called the All Group, with the recent launch of All Home, the group's one-stop home store, and the on-going conversion of Finds convenient store to All Day convenient store.
"All of the retail will be 'All'," Villar said.
For the All Day convenient store, he noted that the group is confident that it could end the year with about 100 branches.
"Now we have 80 and we will end the year with 100. Hopefully next year we want to double the number," Villar specified.
"We intend to be a major player," he added, noting that All Day is the only Filipino-owned convenient store in the country.
MBV Retail has also set an expansion program for All Home, which will have five branches within the year and another four big ones next year. The branches that will be built this year will be in Antipolo, Muntinlupa, Alabang, San Fernando and Bulacan.
"Next year, we would be opening at least four big ones," Villar said, adding that the investment cost for one big All Home branch will be around P300 million, while for the small ones, the company would only need P60million investment for each.