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Gaisano Mall of Cebu
Gaisano Mall of Cebu (also known and branded as GMall of Cebu), is a super-regional mall in the Philippines, located at White Gold Center, North Reclamation Area, Cebu City, Philippines.[1] The mall is owned and managed by Gaisano Malls, owned by DSG Sons Group, Inc. The mall is the group's first mall in Cebu and outside of Mindanao. The mall opened on the site of the former White Gold Club, which was closed in 2018 to give way for the mall.[2][3] After four years of redevelopment, the new GMall of Cebu opened on December 1, 2022.[1] HistoryThe mall traces its roots to the White Gold Department Store, established in 1933 by Modesta Singson-Gaisano and moved in 1946 along what is now known as Osmeña Boulevard in Cebu City.[4] After the matriarch's death in 1981, the family's five sons (David, Stephen, Henry, Victor and John) decided to go their separate ways, all establishing separate retail chains themselves. David, the eldest son, kept control of White Gold and established DSG Sons Group, Inc. which opened malls in Mindanao under the Gaisano Malls (GMall) brand.[5] In May 18, 1994, WGI Gaisano Inc. (now known as DSG Sons Group, Inc.) was formed by merging two companies (White Gold Inc. and Gaisano Inc.) as a strategy to expand the company nationwide.[6] The White Gold Department Store was hit by fires throughout its history, first in 1974, then in 1989 when it moved to a new location in the Cebu City North Reclamation Area (NRA), and another fire in the 1990s[7][8] prompting it to move to a new location, its third, not far from its second location in December 1997 still in the NRA, and was renamed as the White Gold Club. It operated until 2018, when a redevelopment plan costing ₱1 billion was launched, and White Gold Club officially ceased operations on June 30, 2018.[2] The redevelopment plan involved turning the old White Gold Club into a full-service shopping mall which would bring the GMall brand to Cebu, the first GMall brand outside Mindanao.[2] The redevelopment plan, which happened immediately after White Gold's closure in 2018, was projected to cost ₱1 billion and was supposed to take two years,[2] but due to the COVID-19 pandemic, it took another two years to complete. The group already had plans of bringing the Gaisano Mall brand in Cebu in the late 1990s, which would have been constructed along Natalio Bacalso Avenue beside the Cebu Institute of Technology, before abandoning the project because of the 1997 Asian financial crisis. The mall officially opened on December 1, 2022, with its two anchor stores: GMarket (a supermarket), and GStore (a department store).[1] References
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