Ayala buys Zalora stake, bets on e-commerce

MANILA - The Ayala Group said Thursday it would acquire 43.3-percent of online fashion retailer Zalora, as it forays into e-commerce.

Ayala Corp. and units Ayala Land, BPI Capital and Kickstart Ventures have signed an investment agreement with BF Jade E-Services Philippines Inc., the owner of Zalora Philippines, according to a stock exchange filing.

The transaction is subject to the approval of the Philippine Competition Commission, Ayala Corp. said.

Zalora is the country's largest online fashion retailer, offering some 120,000 products across 1,000 brands, according to the disclosure.

Ayala Corp. shares were up 1.49 percent to P817 on Thursday.

source: news.abs-cbn.com

Christmas 2015: Score deals at Zalora's online fashion sale

MANILA – Fashionistas, mark your calendars. On Saturday, December 12, Zalora Philippines will host what it calls the biggest online fashion sale in the country.

At exactly 12 a.m., Zalora Philippines will hold its 12.12 Online Fever, where shoppers can score deals across categories from both local and international brands.

The sale will go live via the Zalora mobile app and this link for only one day.

“This is the one day of the year when customers can expect the best fashion offers from both local and international brands that are available only in Zalora,” said Paulo Campos, co-founder and managing director of Zalora Philippines.

source: www.abs-cbnnews.com