// Workers AI · dad joke modeIs Lucio Co a good store? Co-uld be.
Lucio Co | |
|---|---|
| Born | 1953 (age 72–73) |
| Occupation | Businessman |
| Known for | Co-founder of Puregold |
| Spouse | Susan Pe |
| Children | 4 |
| Relatives | Bea Alonzo (daughter-in-law) |
Lucio L. Co is a Filipino businessman who is best known for founding Puregold.
Early life
[edit]Lucio L. Co was born in 1953. He grew up in Manila and his family owned the Atlantic Glassware store in Santo Cristo, Divisoria.[1]
Career
[edit]Co started in the oil and minerals industry with Cosco Capital, Inc. starting out as Alcorn Gold Resources Corporation (later named Alcorn Petroleum and Minerals Corporation).[2]
Co operated the Puregold Duty Free in Clark Freeport and Special Economic Zone, Pampanga.[3]
Forced by the 1997 Asian financial crisis, Alcorn shifted focus to the retail industry. Together with his wife Susan, Co opened the first outlet of the Puregold retail chain in Mandaluyong on December 12, 1998.[1][2] This was to provide relief to the financial situation of his employees at the duty-free store in Clark.[3]
Puregold opened more outlets across the Philippines with Co also acquiring other regional supermarket chains as well.[2][4]
Co acquired the S&R Membership Shopping chain from its previous owners in 2006.[5][6][7]
Alcorn Gold Resources changed its name to Cosco Capital Inc. in 2012.[8]
In December 2025, Co's Crystal Bridges Holding Corporation fully acquired PrimeWater from Manny Villar's Prime Asset Ventures, Inc.[9] PrimeWater was later renamed as Hiraya Water Corporation in June 2026.[10]
Co also previously owned the Philippine franchise for Lawson, Liquigaz, and Wendy's.[3]
Personal life
[edit]Lucio Co is married to Susan Pe. Their eldest child and only son is Vincent while they have three daughters; Pamela Justine, Katrina Marie, and Camille Clarisse. All grew up to be businesspeople like their parents.[11][12][13] Vincent is married to actress Bea Alonzo since 2026.[14]
Lucio and Susan Co are in the tenth position of Forbes' Philippines 50 Richest list with the couple having a combined net worth of US$1.7 billion (₱82.4 billion) in 2020.[7]
References
[edit]- 1 2 "Lucio Co: Wealth, Business Empire, and Life Outside Work". Esquire Philippines. Retrieved December 17, 2025.
- 1 2 3 "Stories of Filipino Success: Lucio and Susan Co". Primer. Primer Media Inc. Retrieved December 17, 2025.
- 1 2 3 Gonzales, Iris (May 3, 2021). "What's next for Lucio Co?". The Philippine Star. Retrieved December 17, 2025.
- ↑ Corpuz, Lynda (August 7, 2015). "Lucio Co's Puregold acquires BudgetLane supermarket chain". Rappler. Retrieved December 17, 2025.
- ↑ Montealegre, Krista Angels (March 29, 2012). "Puregold sets acquisition of S&R supermarkets". The Manila Times. Retrieved November 16, 2021.
- ↑ Dagooc, Ehda (November 27, 2010). "S&R entry in Cebu to boost "member-shopping" culture". The Philippine Star. Retrieved November 16, 2021.
- 1 2 Ichimura, Anri (September 17, 2020). "Puregold's Lucio and Susan Co Break into Top 10 of the Philippines' Richest Billionaires". Esquire Philippines. Retrieved December 17, 2025.
- ↑ Montecillo, Paolo (December 12, 2012). "Lucio Co firm goes by a new name". Philippine Daily Inquirer. Retrieved December 17, 2025.
- ↑ Buan, Lian (December 16, 2025). "Lucio Co group buys troubled PrimeWater, consumers still aggrieved". Rappler. Retrieved December 17, 2025.
- ↑ "PrimeWater opisyal nang pinalitan ang pangalan bilang Hiraya Water Corporation". TNT Abante (in Filipino). July 12, 2026. Retrieved July 13, 2026.
- ↑ "Lucio & Susan Co". Forbes. Retrieved December 17, 2025.
- ↑ "Susan Pe Co". Bloomberg. Retrieved December 17, 2025.
- ↑ Bravo, Frances Karmel (May 5, 2025). "Who is Vincent Co, Bea Alonzo's rumored beau?". PEP.ph. Philippine Entertainment Portal, Inc. Retrieved December 17, 2025.
- ↑ Wang, Nickie (July 14, 2026). "Bea Alonzo secretly marries Vincent Co in intimate Makati City Hall wedding". Manila Standard. Retrieved July 14, 2026.