Ayala Corp. partners with Spinneys for PH supermarket expansion

Ayala Corporation, through its subsidiary ACX Holdings Corp., has partnered with UAE-based premium supermarket chain Spinneys 1961 Holdings PLC. to establish stores in the Philippines, marking Spinneys' first expansion outside the GCC.

This collaboration aims to leverage Ayala Corp.'s local market knowledge and logistics with Spinneys' expertise in premium fresh food retail.

Ayala Corp. President and CEO Cezar P. Consing stated that the partnership is expected to boost trade and investment between the Philippines and the GCC.

Spinneys, owned by the Al Seer Group, views the Philippines as a market with substantial long-term growth potential due to its economic stability, increasing affluent population, and demand for premium products.

Spinneys CEO Sunil Kumar expressed excitement about entering a new region and noted the company's existing connection with the Filipino community in its current markets.

This follows Ayala Group's recent joint venture with Thai company Makro ROH Company Limited to reintroduce a wholesale retail chain in the Philippines.