Who owns Prouds PNG?
Prouds PNG is half-owned by CPL Group (Papua New Guinea, PNGX: CPL), which has held that half since 2015.[1]
CPL Group owns 50% of Prouds PNG rather than all of it.
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Key facts
- Current owner
- City Pharmacy Limited (50% stake) reported
- Owned since
- Previous owner
- None recorded
- Owner HQ
- 🇵🇬 Papua New Guinea, Port Moresby
- Origin
- 🇵🇬 Papua New Guinea
- Founded
- 2015
- Category
- Apparel, footwear & accessories › Luxury goods › Jewellery & watches
- Parent ticker
- PNGX: CPL
- Last verified
- · 1 sources
About Prouds PNG
Prouds PNG sells luxury watches, jewellery, fragrances, cosmetics and electronics under the tagline "Exclusively Yours". The name was established in Fiji and came to Papua New Guinea in 2015 through a joint venture with CPL Group, opening first as the duty-free shop at Jacksons International Airport and then in Port Moresby at Vision City, Waigani Central and Brian Bell Gordons Plaza. The venture is held through DFS (PNG) Limited, which CPL accounts for as a 50 per cent joint venture rather than a subsidiary.
Ownership timeline of Prouds PNG
Where Prouds PNG sits in CPL Group
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full CPL Group ownership tree →
Other brands owned by CPL Group
Latest news about Prouds PNG
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Frequently asked questions
Who is the parent company of Prouds PNG?
Prouds PNG has no sole parent company: it is half-owned by CPL Group, a publicly listed company headquartered in Papua New Guinea.
Is Prouds PNG Papua New Guinean?
Yes. Prouds PNG originated in Papua New Guinea in 2015 and its owner, CPL Group, is also headquartered in Papua New Guinea.
Since when has CPL Group owned Prouds PNG?
CPL Group has held half of Prouds PNG since 2015.
Is Prouds PNG still owned by CPL Group?
Yes. As of 21 September 2026, Prouds PNG is still half-owned by CPL Group. The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] City Pharmacy Limited — Annual Report 2025 — City Pharmacy Limited, Annual report, published 16 March 2026; retrieved 21 September 2026.
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