Spinneys, a fresh food supermarket chain based in the United Arab Emirates, has formed a strategic joint venture (JV) with Filipino business group Ayala to establish stores in the Philippines. Ayala will hold a 60% stake in the joint venture, while Spinneys will retain a 40% stake, according to a press statement released on Zawya. In the initial phase of the partnership, Spinneys will provide assistance in setting up and managing store operations. Once the operational framework is established, the ongoi ...