Tag Archives: Ayala

Ayala buys major stake in Visayan drugstore chain

(Source: Inquirer.net | December 8, 2018) Ayala Corporation has recently announced that its wholly owned subsidiary Ayala Healthcare Holdings Inc. (AC Health) had agreed to acquire a 75-percent stake in Negros Grace Pharmacy Inc. The deal has yet to close and will be finalized upon the fulfillment of certain conditions and the securing of necessary regulatory approval. Bacolod City-based Negros ...

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Due to heavy traffic, e-commerce in the Philippines is booming

(Source: Philippine Star | November 17, 2017) Every day, e-commerce grows in the Philippines. Such has been the assertion of Inanc Balci, president, co-founder and community chief executive officer for e-commerce portal Lazada, which claims to be the number one marketplace and the seventh most accessed website in the Philippines. “The Philippines used to be the SMS capital of the ...

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‘Township developments to redefine Bacolod retail landscape’

(Source: Sunstar | September 23, 2017) A global retail estate services company said township developments, mainly smaller retail formats such as neighborhood and district malls, continue to dominate and will eventually redefine the retail landscape of Bacolod City. Colliers International Philippines recently reported that the city’s current overall vacancy rate of below two percent is projected to increase once retail outlets ...

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Ayala Land launching three developments

(Source: Inside Retail Philippines | 21 April 2017) With expectations of sustained economic growth in the Philippines, Ayala Land plans to launch three mixed-use developments this year. The developer’s township developments are usually anchored by an Ayala mall. The three new estates are the 250ha Evo City in Kawit, Cavite; the 25ha Azuela Cove in Davao City in a JV ...

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Ayala Malls The 30th opens doors

(Source: Inside Retail Philippines | 17 January 2017) Ayala Malls Group, the retail arm of Ayala Land, has opened the P2.5 billion (US$50 million) Ayala Malls The 30th in Pasig City. It is the group’s first commercial development near the Ortigas business district, occupying a 2ha site on Meralco Avenue. It adds 28,000 sqm of retail space to the company’s ...

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ABS-CBN, Ayala Land sign deal to build first ‘experience store’

(Source: Business Mirror | 21 September 2016) Multimedia conglomerate ABS-CBN Corp. has penned an agreement with Ayala Land Inc. for the construction of the first listed entertainment company’s first “experience store” in the country. The flagship store, which offers an immersive experience of the Kapamilya network by allowing visitors to be part of the shows they follow and play the roles ...

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Ayala plans FamilyDoc franchise

(Source: Inside Retail Philippines | 26 August 2016) Mall developer Ayala Corp is moving into the medical sector with plans to franchise its FamilyDoc business. FamilyDoc is a medical clinic with pharmacy, diagnostics and outpatient services, as well as a convenience store. It caters to middle-class consumers. “Right now it’s all company-owned. But eventually we’ll experiment,” said Paolo Borromeo, Ayala ...

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Generika Drugstore eyes aggressive local, overseas expansion

(Source: Inside Retail Philippines | 22 April 2016) Generika Drugstore is eying aggressive expansion in the country’s far-flung areas – and possibly abroad into Southeast Asia. Generika is country’s third-largest player, half-owned by retail giant Ayala. In 2015 the Ayala group, through its Ayala Healthcare Holdings Inc., acquired 50 per cent of the pharmacy business from cofounder, Frenchman Julien Bello. ...

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ALI, SSI sell ‘Wellworth’ store assets to MRSGI

(Source: Inquirer.net | 2 March 2016) An Ayala-Tantoco joint venture has sold the Wellworth department store retailing assets in Fairview Terraces Mall and UP Town Center Mall to Gaisano-led retailer Metro Retail Stores Group Inc. (MRSGI). The deal will allow MRSGI to expand its network of department stores in these two key locations by a combined total gross floor area of ...

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Ayala Land to spend P70-B for new Cavite project

(Source: ABS-CBNnews.com | Sept. 2, 2015) Ayala Land Inc. will be spending P70 billion for its new mixed-use development project in Cavite. The 700-hectare Vermosa will be used to house offices, retail shops, hotels, restaurants, schools as well medium to high density residential developments. “Building large scale mixed-use developments that are strategically located in the country’s emerging growth centers will ...

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