Ayala completes acquisition of GFG’s stake in Zalora Philippines Tomas S. Noda III August 31, 2017 PremiumPhilippine conglomerate Ayala Corp has completed its acquisition of Global Fashion Group’s (GFG) 49 per cent stake in online fashion portal Zalora Philippines. Continue reading this story with a subscription to DealStreetAsia. Subscribe Already a subscriber? Log in Should your colleagues be reading this article too? Contact us for corporate subscriptions at firstname.lastname@example.org.