Cosco Capital

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Cosco Capital, Inc. is a diversified holding company based in Manila, Philippines. Founded in 1988, it has grown into one of the country's largest conglomerates, with dominant businesses in grocery retail, specialty retail, real estate, liquor distribution, and oil & mining. It is publicly listed on the Philippine Stock Exchange (ticker: COSCO). Cosco's core businesses include Puregold Price Club supermarkets and S&R Membership Shopping (grocery retail), Office Warehouse (office and school supplies), The Keepers wine & liquor distribution, real estate development (Ellimac, Fertuna, etc.), and Alcorn Petroleum & Minerals (oil and mining). The company is closely associated with businessman Lucio L. Co (chairman) and his family, whose group holds about 79% of the shares. Puregold and S&R remain “household names” in Philippine retail and The Keepers has a near-monopoly on imported liquor by volume. According to Fortune, the company ranked 88th among the largest companies in Southeast Asia in 2024, with revenues of US$4.1 billion. It employed around 14,000 people. Cosco Capital began as an oil and gas exploration company. The company was originally incorporated on January 19, 1988, as Alcorn Petroleum and Minerals Corporation (later Alcorn Gold Resources Corporation), focused on oil and mineral exploration.