ALI ties up with Puregold for supermarket business

Ayala Land Inc. has partnered with the Lucio Co-owned supermarket chain Puregold Price Club Inc. for the development and operation of mid-market supermarkets in ALI’s new and mixed-use property developments across the country.

Varejo Corp., a subsidiary of ALI, recently announced that it has entered into a joint venture agreement (JVA) with Entenso Equities Inc. (EEI), a wholly owned subsidiary of Puregold, to develop and operate mid-market supermarkets for some of ALI’s new integrated and mixed-use developments.