Connect with us

Hi, what are you looking for?

Economy

Emperador reports robust market expansion overseas

EMPERADOR, Inc. said its brandy and scotch whisky businesses recorded growth in markets across several countries last year.

The listed brandy and whisky manufacturer said in a stock exchange disclosure on Monday that for 2020, its brandy segment posted growth in countries such as United Kingdom at 376%, Mexico at 44%, Canada at 74%, and United States at 24%, which are significant markets of the company’s international business.

Emperador said its Tres Cepas Brandy, under its subsidiary in Spain, expanded its market shares in Guinea and Cameroon.

It added that wholly owned subsidiary Whyte and Mackay UK posted improvements and is now the second-largest selling blended scotch brand in the United Kingdom.

“Its single malt brand, Jura, is currently the number one single malt in the United Kingdom in terms of sales volume in groceries and supermarkets across the country. It is also currently the fastest growing single malt brand in Sweden and The Netherlands,” the company said.

Further, Whyte and Mackay’s whisky business in China posted a 200% growth after its sales volume via e-commerce recorded a 227% expansion last year.

Glenn D. Manlapaz, Emperador International chief executive officer, said the company is optimistic that the momentum can be continued this year, adding that stronger production and distribution volume of brandy and whisky products are expected across its international markets.

“Emperador is the only Filipino consumer brand company today that is not only present across the different continents of the world, but also dominates most of the brandy and whisky markets in several countries where the products are sold,” Mr. Manlapaz said in the disclosure.

In 2020, Emperador increased its earnings to owners by 18% to P8 billion due to the strong performance of its international businesses, while its revenues amounted to P52.6 billion.

On Monday, shares of Emperador at the stock exchange improved 0.39% or four centavos to end at P10.40 apiece. — Revin Mikhael D. Ochave

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

Notice of Annual Stockholders’ Meeting Notice is hereby given that the Annual Stockholders Meeting will be held on Thursday, July 15, 2021 at 8:30...

Investing

The boss of Morgan Stanley, one of the biggest banks on Wall Street, has said he will be “very disappointed” if staff are not...

Investing

NHS workers and care home staff will be legally required to have coronavirus vaccinations under plans that have the personal support of Boris Johnson....

Economy

MONEY SENT HOME by migrant Filipino workers jumped by 12.7% in April, the fastest since November 2016 and reflecting the global economic recovery amid...

Economy

By Luz Wendy T. Noble, Reporter ECONOMIC MANAGERS on Tuesday vowed to push economic recovery this year by keeping the coronavirus pandemic under control,...

Economy

By Luz Wendy T. Noble, Reporter PAMELA SAMIA, 54, lost P145,000 after an unauthorized withdrawal from her ATM account in January. “You’d think your...

You May Also Like

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Investing

As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Economy

US President Joseph R. Biden, Jr., will rely on ally countries to supply the bulk of the metals needed to build electric vehicles and focus on...

Economy

THE Securities and Exchange Commission (SEC) has warned the public from investing or to stop any investment in a group named Maxxprofit Computer Trading...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.



Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!