Thursday, February 23, 2017

Philippines conglomerate Ayala has bought 49 per cent of Zalora Philippines

The move comes about 10 months after Global Fashion Group confirmed the sale of Zalora in Thailand and Vietnam The Philippines’ oldest conglomerate, Ayala Corporation,*has purchased ownership stake in BF Jade E-Services Philippines Inc. — the company that owns and operates Zalora Philippines. In an announcement from Rocket Internet’s Global Fashion Group (the company behind […]
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