MANILA, Philippines — The much-anticipated “wedding of the year” between movie queen Bea Alonzo and businessman Vincent Co has reportedly been canceled. According to a highly-placed source who spoke on Tuesday, May 12, 2026, the couple’s planned nuptials in Spain have been called off following a stalemate over their prenuptial agreement.
The news comes as a shock to fans, as several of the couple’s close friends and family members had reportedly already flown to Europe in anticipation of the ceremony.
The primary cause for the cancellation is allegedly a disagreement regarding the “provisions” of a prenuptial contract.
- Conflict of Interest: Sources claim that the family of Vincent Co—the son of retail tycoon Lucio Co and chairman of Puregold and Cosco Capital—deemed certain terms insisted upon by Alonzo to be “unfair.”
- Management Involvement: Rumors have surfaced suggesting that Alonzo’s inner circle and management were hesitant about the agreement, with some reports claiming they feared a marriage might lead the actress to step back from her lucrative career.
- Echoes of the Past: This marks the second time a high-profile engagement for Alonzo has ended amid prenup rumors; her previous engagement to actor Dominic Roque reportedly ended under similar circumstances in 2024.
Despite the wedding being off, the source revealed that many guests opted to continue their trips to Spain.
- Non-Refundable Plans: “They already bought their tickets, so they just decided to go through with the trip,” the source explained.
- Sightings: Alonzo’s family was recently spotted at an airport in Spain, while her close friend, actress Dimples Romana, was seen boarding a first-class flight to an undisclosed foreign destination earlier this week.
- Madrid Residency: Alonzo has been an official resident of Spain since 2022, after purchasing a ₱30-million apartment in Madrid, which served as the intended backdrop for the ultra-private celebration.
Alonzo and Co have been notoriously private about their romance since it began in August 2025.
- April 2026: The couple’s names appeared in the marriage banns at the St. Peter the Apostle Parish in Manila, which initially fueled wedding speculations.
- May 11, 2026: Amid mounting rumors of a “rough patch,” Alonzo posted a Mother’s Day tribute on Instagram, showing off a diamond ring on her middle finger but remaining silent on the status of her wedding.
- May 12, 2026: News broke of the cancellation, though neither party has issued an official statement as of press time.
Despite the personal setback, Alonzo is moving forward with her professional commitments. GMA Network recently confirmed that filming for her upcoming political drama, Whispers From Heaven, has officially commenced.
“I have nothing to clarify, and I want to keep things private… I’m very happy.” — Bea Alonzo, in a previous interview regarding her relationship.