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Spinneys, a thriving fresh food supermarket chain, has made a strategic move into Southeast Asia by partnering with Ayala Corporation to open new stores in the Philippines. This marks the supermarket chain’s first entry into the region. According to the terms…
Online fashion destination Global Fashion Group (GFG) has appointed co-CEOs, who will take up their roles on February 1. Patrick Schmidt and Christoph Barchewitz will be responsible for the overall strategic and working development of GFG, working with the…
A deal that will take the Puregold store count to 324 in the Philippines has been approved by the Securities and Exchange Commission. It involves a merger for Puregold Price Club with three supermarket companies owned by Estenso Equities, its 50-50 JV with…
FamilyMart Philippines convenience-store chain, partly owned by the Ayala and Tantoco groups, is up for auction. With about 70 stores, the Japanese chain has been offered to prospective investors in the past few months. Ayala Land and the Rustan’s group, via…
Ayala Corporation has stepped into eCommerce by acquiring a 49 per cent stake in BF Jade E-Service Philippines, which owns and runs fashion platform Zalora Philippines. The conglomerate has announced it is buying 43.3 per cent of BF Jade, while in a separate…
There is not enough spending power to support the number of Philippine provincial malls being developed, warns a real estate expert. This follows a “fantastic” year for the property sector during which most major developers opened malls. “Retail has had an…
The National Basketball Association (NBA) announced Wednesday the fourth NBA Store in the Philippines will open Nov. 24 at the Ayala Center in Cebu City. NBA Legend and Hall of Famer Gary Payton will be on hand to meet and interact with fans at the store…
As Swedish retail brand H&M continues to dominate the Philippine shores, it seems that they also got a prestigious award along the way. Last year, H&M Philippines unveiled a 50 x 50 foot coat hanger in Ayala Center Cebu during the opening of their largest…
The National Basketball Association (NBA) has opened the third Manila NBA Store. “[The new branch] has the most complete assortment of [NBA] products and merchandise in the Philippines,” said NBA Philippines MD Carlo Singson during a press conference. The…
The country’s oldest conglomerate Ayala Corporation plans to expand its investments in the healthcare sector with the roll out of 100 retail clinics under the brand-name FamilyDoc over the next 3 years. Ayala Managing Director Paolo Borromeo said in an…
