Ayala brings Spinneys to the Philippines

MANILA, Philippines — Ayala Corp. has signed a deal to introduce a new grocery format to the Philippines. This time, the company is partnering with United Arab Emirates-based Spinneys, marking the brand’s debut in Asia.

Under the partnership agreement, Ayala will hold a 60-percent stake, while Spinneys will own the remaining 40 percent, Spinneys said in a press statement issued recently.

https://business.inquirer.net/550032/ayala-brings-spinneys-to-the-philippines

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