K&L Gates is advising the Philippines’ Robinsons Retail Holdings Inc. on an expected $925 million initial public offering.

Robinsons is a subsidiary of conglomerate JG Summit Holdings Inc. that has 940 department stores, pharmacies, and supermarkets throughout the Philippines. The company also operates the Philippine stores of international chains like Toys R Us, True Value Hardware, and Topshop, among others.

The long-expected IPO has been delayed by the emerging markets slowdown of recent months. According to the Wall Street Journal, Robinsons has begun gauging market interest in its offering and may move ahead with a listing later this month or in early November. The company is planning to use the proceeds from an IPO to open new stores, renovate existing ones, and repay existing debt.

Hong Kong partner David Johnson is leading the K&L Gates team advising Robinsons Retail. Philippine firm Romulo Mabanta Buenaventura Sayoc & de los Angeles is advising the company on local law matters, with its team led by partner Stella Alegre-Batungbacal.

Sidley Austin Hong Kong partner Alexander Lloyd is acting for underwriters Deutsche Bank AG, UBS AG, and J.P. Morgan Securities Plc.

Email: tbrennan@alm.com.