philippine distiller emperador eyes french cognac maker
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today
Almaghrib Today, almaghrib today
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today

Philippine distiller Emperador eyes French cognac maker

Almaghrib Today, almaghrib today

Almaghrib Today, almaghrib today Philippine distiller Emperador eyes French cognac maker

Customers look at alcoholic beverages
Milan - AFP

The Philippines' largest liquor producer Emperador said on Monday it will bid to acquire a French cognac producer, as it embarks on a global expansion that has seen it pick up Spanish vineyards and a Scottish whisky giant.

Emperador said in a disclosure to Manila's stock exchange that "it has expressed interest to participate in a bidding process for the acquisition of Louis Royer SAS, a cognac producer in France".

The company said it would submit a preliminary offer on May 13 to buy Louis Royer from Japanese liquor titan Suntory, which also owns the popular Courvoisier brand.

"However, its offer is still subject to the evaluation and final decision of the seller," the statement added.

"Emperador is currently debt-free and is, therefore, in a very strong financial position to further expand its business both globally and domestically," the statement said.

Emperador started as a brandy maker in the Philippines but in recent years, has been expanding to other spirits and markets.

Last year, it paid 430 million pounds ($726 million) for Scottish whisky maker Whyte and Mackay and 60 million euros ($82 million) for half of Spanish brandy producer Bodega Las Copas. It has also been acquiring Spanish vineyards and brandy stocks.

Emperador is a wholly owned subsidiary of Alliance Global Group, a Philippine conglomerate with interests in liquor, real estate, resorts and gaming, and fast food restaurants.

Alliance Global is controlled by Andrew Tan, the Philippines' fourth richest man according to Forbes Magazine.

 

almaghribtoday
almaghribtoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

philippine distiller emperador eyes french cognac maker philippine distiller emperador eyes french cognac maker

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

philippine distiller emperador eyes french cognac maker philippine distiller emperador eyes french cognac maker

 



Almaghrib Today, almaghrib today Skincare PR Performance Full Year 2017

GMT 09:22 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Almaghrib Today, almaghrib today New hunt for flight MH370 gets under way

GMT 11:03 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Almaghrib Today, almaghrib today Modern colorful bedroom renovation

GMT 10:57 2017 Thursday ,21 December

Modern colorful bedroom renovation
Almaghrib Today, almaghrib today Puigdemont candidate for Catalan president

GMT 13:56 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Almaghrib Today, almaghrib today Turkey detains dozens more

GMT 10:47 2018 Wednesday ,24 January

Turkey detains dozens more

GMT 09:47 2018 Tuesday ,23 January

To 'eternal style' of late Alaia

GMT 18:00 2018 Wednesday ,29 August

U.N. schools open in West Bank, Gaza

GMT 11:27 2014 Monday ,04 August

Ooredoo goes live in Myanmar

GMT 13:22 2017 Friday ,17 November

Jihan Qamari participates in “Endless Feelings”

GMT 08:01 2017 Tuesday ,25 April

Weather forecast: Cloudy, rise in temperature

GMT 12:40 2012 Monday ,07 May

Salafists go to hell too

GMT 13:10 2018 Thursday ,11 January

Award-winning Pakistani journalist

GMT 13:29 2013 Monday ,07 October

Senior Keeper receives new \'Kiswa\' of Kaaba

GMT 20:38 2017 Saturday ,12 August

US set to unveil strategy for Afghanistan war

GMT 15:27 2014 Saturday ,04 October

Lewis Hamilton bullish about his chances at Japan GP

GMT 07:38 2014 Thursday ,03 July

Shakira to headline at World Cup final

GMT 13:54 2015 Tuesday ,28 April

IHG hotels pamper their Chinese clientele

GMT 10:32 2016 Wednesday ,14 December

Planning for 'healthier, wealthier' Africa

GMT 10:10 2016 Thursday ,26 May

Hongkongers pooh-pooh waste treatment plant
Almaghrib Today, almaghrib today
 
 Almaghrib Today Facebook,almaghrib today facebook  Almaghrib Today Twitter,almaghrib today twitter Almaghrib Today Rss,almaghrib today rss  Almaghrib Today Youtube,almaghrib today youtube  Almaghrib Today Youtube,almaghrib today youtube
.almaghribtoday .almaghribtoday .almaghribtoday .almaghribtoday
almaghribtoday almaghribtoday almaghribtoday
almaghribtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
almaghribtoday, Almaghribtoday, Almaghribtoday