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Ayala Corp., through its retail arm ACX Holdings Corp., has signed a new memorandum of understanding (MOU) with CP AXTRA, Asia’s leading operator of wholesale and retail businesses Makro and Lotus’s, expanding their partnership to explore the development of new businesses and co-investments in...

Zobel-led Ayala Corp. continues to expand its investments in the retail business by partnering with CP AXTRA, Asia’s leading operator of wholesale and retail businesses, including Makro and Lotus, to bring the “big box” Makro stores to the Philippines. Pilipinas Makro, a joint venture between...