CP Axtra, the operator of Makro and Lotus' hypermarkets, is expanding its operations in Thailand with Ayala Corporation.
What happened
CP Axtra – operator of Makro and Lotus’ hypermarkets – is expanding its operations in Thailand through a new agreement with Ayala Corporation.
Why it matters
This marks the third collaboration between the two groups, following last year’s partnership to reintroduce Makro stores in the Philippines.
Under their retail arm ACX and Ayala Malls, the companies will work together on mall operations, leasing, and project development, starting with seven Makro stores in Thailand.
They will also look at future investment opportunities, including new developments and the redevelopment of existing sites across the country.
This news brief is based on reporting published by Inside Retail Asia on 2026-05-28. The original report is linked below.
Inside Retail Asia
https://insideretail.asia/2026/05/28/cp-axtra-taps-ayala-corporation-to-aid-thailand-growth-plans/This independent news brief is based on the public source identified above. It is an original summary or translation, not a reproduction of the source article. Rights in source text, research, trademarks and images remain with their respective owners; images are used under the licence or permission identified in the credit. Rights holders may contact rights@goodproductasia.com with evidence of ownership. Verified concerns will be corrected, replaced or removed promptly. This report is not investment, legal, medical or purchasing advice.
