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Ayala, Thai firm bringing back Makro stores to Phl

September 25, 2025

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The Philippine Star

Conglomerate Ayala Corp. is bringing back Makro stores to the Philippines in partnership with CP Axtra Public Co. Ltd. of Thailand.

Ayala said it executed definitive agreements with CP Axtra Public, Asia’s leading operator of wholesale and retail businesses Makro and Lotus’s, for the operation of Makro stores in the country.

ACX Holdings Corp., a wholly owned subsidiary of Ayala, and Makro ROH Co. Ltd, a subsidiary of CP Axtra, have committed equity interest of 49.9 percent and 50.1 percent, respectively, in an investee entity called M&Co Corp. to operate the business venture.

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