Makro reentering Philippine market, backed by Ayala

MANILA, Philippines — Grocery chain Makro is making a comeback in the Philippines with the support of the Ayala conglomerate, which has recently renewed its interest in the retail business.

On September 24, ACX Holdings Corp., a wholly-owned subsidiary of Ayala Corp., signed a partnership deal with the Thai company Makro ROH Company Limited (MROH) for the operation of Makro in the country.

https://business.inquirer.net/548873/makro-reentering-philippine-market-backed-by-ayala

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