August 07, 2013

Emperador invests P5.8 B in Spain

Emperador International Ltd., a member of conglomerate Alliance Global Group Inc. (AGI), will pour more funds in Spain over the next 12 months.

In January, the brandy firm said it would acquire 100% of Spanish brandy maker Bodega San Bruno, including the San Bruno trademark that has been registered since 1942. AGI earlier said the acquisition cost would not be more than P3 B.

Early this year, Emperador said it will double its sales volume in the next five years as it intends to corner a third of the global brandy market. - WealthSec