Spinneys, a thriving fresh food supermarket chain, has made a strategic move into Southeast Asia by partnering with Ayala Corporation to open new stores in the Philippines. This marks the supermarket chain’s first entry into the region.According to the terms of the deal, Ayala Corporation will control a majority stake of 60%, while Spinneys will hold 40% in the new venture.The rollout of the new stores is planned in two stages. Spinneys will initially manage operations before control transitions to the join ...