Lucio and Susan Co

Lucio and Susan Co, a husband and wife team owns Puregold Price Club the second largest retailing company in Philippines after Henry Sy’s SM Group. Lucio Co serves as the Chairman of Puregold Price Club and Susan Co as the Vice Chairman. In 1998, the Co’s started with one store and hit a huge financial success with Puregold Price Club. 

lucio and susan co

The retail company currently has more than 150 hypermarkets across the country. Puregold outlets stock a variety of cheap merchandise with the aim to attract middle-income and low-income shoppers.Mr. Lucio had acquired a good retailing background when he previously ran duty-free Airport shops at an American Air Force Base. The experience helped Lucio to be able to manage the expansion of Puregold extremely well. 

lucio and susan co

Lucio and Susan transferred most of their stake in Puregold to Cosco Company currently their third public listed company. Mr. Lucio is also the owner of VFC Land Resources Inc. He also serves as the chairman and president of Da Vinci Capital Holdings Inc. Lucio and Susan Co have an estimated Net worth of $1.9 Billion ranking them no. 10 on Forbes Lists of the Philippines 50 richest.

Read also : Richest People In The Philippines

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