Another family business squabble: pharmacy founder versus 2 sons

first_imgBACOLOD City – Aside from the Yansonfamily row in the giant bus company Vallacar Transit, there’s another familybusiness squabble here. Corazon Lo, founder of Negros Grace Pharmacy. Photo courtesy of Mae Singuay Lo claimed she was barred fromentering their main office in Barangay Mandalagan on Friday morning, the fourthsuch time, and even in the warehouse of their pharmacy. They have 70 branches in the Visayas,said Lo who founded the pharmacy chain with husband, the late Dr. Manuel Lo. “How come nag amo na?” Lo asked. “Indiako ka intiendi. Ngaa indi ako pasudlon sa akon mismo opisina? Ma istorya ko sabata ko pero indi ko ka-reachout sa ila.” * Mrs. Lo was barred from entering dueto the pending court case so as not to elicit sensitive information fromcompany personnel. In February, Lo filed a case (SRCCase. No. 19-115) at the Regional Trial Court, Branch 53 to stop the plannedsale of the pharmacy to Ayala Healthcare Holdings Inc. by sons Theodore andIan. “To all my sons, kun tani… I’m already 80…I won’t be long on this earth. Gusto ko sila will be united,” said Loyesterday. On Nov. 22, the founder of NegrosGrace Pharmacy here, Corazon Lo, made a public appeal to her three sons,Theodore Manuel, Jonathan Manuel and Ian Manuel. According to Lo, the security guardtold her he could lose his job if he allowed her to come in. Ian Manuel issued a statement throughhis legal counsel Asia Canieso, who said her client tried to talk to his motherseveral times in the past but he was spurned. * Since June 2019 Mrs. Lo was nolonger a stockholder or director of the pharmacy. The other salient points Caniesoraised were the following: She urged her sons to see her. “I am fighting for my rights and asfounder of the business,” Lo stressed. According to the pharmacy founder, thesecurity guard at their main office told her there’s a standing instruction tobar her from entering. * Mrs. Lo’s attempt to enter pharmacypremises on Nov. 22 was a publicity stunt./PNlast_img

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