Makro reentering Philippine market, backed by Ayala

MANILA, Philippines — Grocery chain Makro is making a Philippine comeback with the help of the Ayala conglomerate, which has recently regained its appetite for the retailing business.

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

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