Ayala Corp, CP Axtra to relaunch Makro stores in PH by 2026

Ayala Corporation, through its subsidiary ACX Holdings Corporation, is partnering with Thailand's CP Axtra Public Company Limited to reintroduce the Makro stores in the Philippines.

A new entity, M&Co Corporation, will be established with ACX Holdings holding 49.9 percent equity and Makro ROH Company Limited (MROH), a unit of CP Axtra, holding 50.1 percent.

The revived Makro stores will feature modern facilities that are no longer exclusive to members and will offer a wide range of food and non-food products at accessible prices.

The first Makro store is anticipated to open by 2026 at Ayala Malls Cloverleaf in Quezon City.

This venture aims to expand consumer choices and elevate retail standards in the Philippines, leveraging CP Axtra's success with the Makro format.

Makro, originally a Dutch brand, previously operated in the Philippines from 1996 until Ayala Corporation sold its stake to the SM Group, which subsequently rebranded the outlets.