Department store chain brand UNITOP acquires DCLA In March, 2016
March, 2016 — UNITOP has announced that it has entered into a definitive agreement to acquire DCLA. Founded in 2003, DCLA is a chain of shopping centers offering a variety of quality yet affordable China-made products. Since its foundation, DCLA continue to grow by opening more branches. DCLA takes pride in ensuring that all products that it offers pass through strict evaluation processes.
DCLA (Davao City Los Amigos) is a shopping center brand that is known for its affordable clothes, footwear, bags, accessories, toys, gadgets, housewares, and appliances.
UNITOP is a rapidly growing enterprise that traces its humble beginnings as a small-scale junk shop in Valenzuela City. When the trade flourished, all accumulated earnings were then utilized to launch UNITOP Shopping Mall. With the remarkable hard work and perseverance of its president and CEO, Mr. Ricardo Lim Brito, the company grew to include more signature brands and establishments.
Currently, UNITOP Shopping Malls feature two strategic business units, a department store and supermarket. It primarily offers an extensive variety of China-made merchandise, from home furniture, appliances, and kitchenware to ready-to-wear apparel, hardware, and school supplies. Widely known for its quality and budget-friendly products, this shopping mall continues to draw in both regular and new customers.
UNITOP officials expect this acquisition to be considerably accretive to company growth targets. In addition, UNITOP expects this acquisition to accelerate its market position and strategy of delivering budget-friendly products to a wide range of customers.