Estenso Equities Archives - Inside Retail Asia

Ayala expands retail business

Filipino property developer Ayala Land is to increase its focus on its retail business. AL’s target is to open as much as 10 supermarkets and department stores over the next five years. “The department stores and supermarkets will definitely be our anchors so they will be in step with our shopping malls expansion program,” said CFO Jaime Ysmael. “They will follow the opening of the malls that takes two years to construct depending the size,” adds Ysmael. Its supermarket busines…

Ayala enters supermarket business

Filipino property developer forms JV with supermarket operator Puregold.