Ayala bringing UAE’s Spinneys to Phl

Ayala Corp.’s push to bolster its retail business continues to gain ground as it adds premium fresh food supermarket chain Spinneys to its growing portfolio.

- By RICHMOND MERCURIO

Ayala said it has entered a strategic business venture with Spinneys, a leading supermarket chain in the United Arab Emirates, to open stores in the Philippines.

Spinneys is owned by the Al Seer Group, a consumer holdings company that is part of a UAE-based group with business interests in industries such as food, retail, hospitality, shipyards and construction, with presence in over 20 countries.

The venture with Ayala represents Spinneys' first expansion outside of the Gulf Cooperation Council (GCC).

"At Ayala, we take pride in partnering with some of the world's leading companies and working alongside them to bring world-class products and services to the Philippines," Ayala president and CEO Cezar Consing said.