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Uniwide Sales, Inc. was a retail operator in Metro Manila, Philippines. It was incorporated in January 1975 by Chinese Filipino entrepreneur Jimmy Gow to operate Uniwide commercial shopping centers such as the lease of commercial spaces within the compound of their malls and department stores.
- History of Uniwide
- IPO and Crash
- Liquidation
To understand the meteoric rise and spectacular fall of Uniwide, we need to go back and trace its beginnings. The company was founded in 1975 by the Gow family as Uniwide Sales Textile Bargain House Center along Rizal Avenue in Avenida, Manila. The company sold products like fabrics and textiles at bargain prices, supplying other retailers in place...
It was in 1992, according to the same article where Gow was interviewed, when the idea to take the company public was first floated. The founder said he was convinced to do so by a man named Jaime Cabangis, who worked at the prestigious accounting firm SGV. Cabangis later left SGV to join the Uniwide Group as its CFO, helping the company in the com...
In any case, the case of the Uniwide Group dragged on for years, until, in 2017, a Parañaque court issued an orderto liquidate the company’s assets and declare it insolvent. In October that same year, the Philippine Stock Exchange ordered that UHI be officially delisted from the roster of publicly traded companies, seven years after trading of its ...
Mar 18, 2022 · From popularity to oblivion, why did the once growing retail operator Uniwide disappear from the public all of a sudden? Here’s why.
Jul 7, 2013 · July 7, 2013 | 12:00am. Many are asking whatever happened to retail giant Uniwide whose outlets predated our megamalls. Jimmy Gow’s Uniwide had its origins in Binondo in 1975, when it began as...
Oct 3, 2017 · Uniwide, a former retail giant in the Philippines, was delisted from the PSE in 2017 for failing to comply with reporting requirements. The company faced liquidity problems and opposition from creditors after its rehabilitation program was terminated in 2013.
Nov 29, 2017 · A regional trial court has issued an order to liquidate the assets of the Uniwide group, declaring as insolvent the former high-flying retailer which was still pleading for a chance to undergo ...
Mar 18, 2022 · Uniwide was the largest supermarket chain in the Philippines in 1996, but it disappeared from the public in 2001 due to the Asian financial crisis and legal wars. Learn how the company went from popularity to oblivion and what happened to its assets and stock.
