Philippine Daily Inquirer

Ayala buys 49% of Zalora PH

Doris Dumlao-Abadilla, reporting for the Philippine Daily Inquirer;

The Ayala group has entered the e-commerce business with a deal to acquire a 49 percent stake in BF Jade E-Service Philippines, which owns and operates Zalora Philippines.

Zalora Philippines is currently the country’s largest online fashion platform offering a wide range of fashion and lifestyle products.

51% of Zalora Ph is still owned by German startup factory Rocket Internet.

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