Ayala, CP AXTRA revive Makro in Phl

Warehouse club chain Makro is set to return to the Philippines after Ayala Corporation sealed a partnership with Thailand’s CP AXTRA, a leading wholesale and retail operator in Southeast Asia.

In a disclosure to the Philippine Stock Exchange last week, Ayala said it has formed M&Co Corporation, a joint venture between its unit AXC Holdings Corp. and CP AXTRA subsidiary Makro ROH Company Limited.

Makro previously operated in the Philippines under SM Investments from 1996 to 2009.

Ayala head of Corporate Strategy and Business Development Mark Uy said the partnership aims to expand consumer choices and raise retail standards. 

“We seek to build on CP AXTRA’s proven success in delivering quality products at more affordable prices through the Makro format,” he noted.

CP AXTRA Group Chief Wholesale Business Officer Tanit Chearavanont said the Philippines is “one of the most dynamic and fast-growing markets in Southeast Asia.” 

He added that combining Ayala’s strong local presence with CP AXTRA’s retail expertise positions the joint venture for long-term growth.