Puregold divests from Lawson brand

Puregold Price Club, Inc. has divested from the Lawson chain of convenience stores, after accepting its Japanese partner’s offer to buyout its 70% stake in the venture.

In a disclosure to the stock exchange on Friday, Puregold said it has signed a share purchase agreement with Lawson, Inc to sell its 4.9 million shares in PG Lawson, Inc. — Arra B. Francia