Conglomerate SM Investments Corp. plans to re-open newly acquired grocery chain Cherry Foodarama in October, a top executive said over the weekend.

SM Investment president Harley Sy said all three Chery Foodarama  outlets would be opened to shoppers next month, in time for the fourth-quarter holiday spending.

SM Investments acquired Cherry Foodarama from the Ong family for an undisclosed amount in June this year. The three stores are currently under renovation.

SM Investments co-vice chairman Teresita Sy-Coson earlier said the company would not rebrand the three newly-acquired supermarkets and operate them under the name Cherry.

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