Tag: Ayala Corporation
Thailand – CP AXTRA, the operator of wholesaler-retailer Makro and Lotus’s, has signed a Memorandum of Cooperation (MoC) with Ayala Corporation to strengthen mall development and asset management across Makro stores in Thailand. The collaboration brings together CP AXTRA and Ayala’s respective retail...
Manila, Philippines – After two years serving as Ayala Corporation’s head of strategic communications, Gino Borromeo steps down from his post due to the organisation’s ‘broader redesign’. In a LinkedIn post, Borromeo noted, “There are many feelings in my heart at the moment – disappointment, sadness,...
Manila, Philippines – The Asian Development Bank (ADB) has signed a USD$30m loan agreement with Fuse Financing Inc. aimed at expanding access to credit for micro, small, and medium-sized enterprises (MSMEs) in the Philippines through a digital lending platform. According to ADB, the financing is intended...
Manila, Philippines — ACX Holdings Corporation, the retail arm of Filipino conglomerate Ayala Corporation, and Dubai-based premium supermarket chain Spinneys, have announced plans to open 12 stores across Metro Manila over the next four years, with the first locations scheduled for the fourth quarter...
Manila, Philippines — UAE-based premium supermarket chain Spinneys has entered into a strategic partnership with Ayala Corporation to open stores in the Philippines, marking Spinneys’ first expansion outside the Gulf Cooperation Council (GCC) region. The partnership aims to establish premium grocery...
In a stock disclosure statement, Ayala said that the new entity, M&Co Corporation, is a partnership between ACX Holdings Corporation, a wholly-owned subsidiary of Ayala Corporation, and Makro ROH Company Limited, a subsidiary of CP AXTRA.
The company has promoted Mariana Beatriz E. Zobel de Ayala and Mark Robert H. Uy to managing directors, and Jaime Alfonso E. Zobel de Ayala and Jaime Z. Urquijo to executive directors.
In addition, MC and AC are going to sign a memorandum of understanding (MoU) on a comprehensive collaboration in the Philippines. The MoU covers additional business developments aimed at stimulating the country's economic growth.
The announcement comes off the back of the brand’s rebranding and assortment revamp this March, and further hones in on its brand vision to be the go-to destination for Asian women globally.
Hybrid integrated marketing solutions agency Optimax, a part of the DDB Group Philippines, has been appointed as the new integrated marketing communications (IMC) agency for global brand BYD electric vehicles (EVs) in the Philippines.
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