Connect with us

Hi, what are you looking for?

Economy

Liquor distributor bullish on imported spirits segment

Listed Da Vinci Capital Holdings, which will soon be renamed as The Keepers Holdings, Inc., is keen on expanding its imported spirits portfolio.   

“The Keepers Holdings, Inc. is now the largest distributor of imported spirits in the Philippines,” Da Vinci Capital Holdings President Jose Paulino L. Santamarina said in a statement. 

Citing a report by UK-based international beverage market research firm IWSR Drinks Market Analysis Ltd., the company said it now holds around 70% to 75% of market volume.  

Mr. Santamarina said the company will be “exploring further expansion into the high-growth, imported spirits segment. 

Da Vinci Capital is reviving its business operations via liquor distribution. It acquired Montosco, Inc., Meritus Prime Distributions, Inc., and Premier Wine and Spirits, Inc. through a share-swap deal with Lucio L. Co’s other company, Cosco Capital, Inc.  

Cosco Capital will get 11.25 billion of its common shares of stock in exchange.   

The Securities and Exchange Commission recently approved the company’s plan to change its corporate name to The Keepers Holdings, Inc., as well as the increase of its authorized capital stock to P2 billion comprised of 20 billion common shares with a par value of 10 centavos each from P327.6 million.   

“With our corporate structure set, we can now focus on the business of delivering sustainable, consistent growth,” Mr. Santamarina said. — K.C.G.Valmonte  

 

 

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Your email address will not be published.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. Remember that you can opt-out any time, we hate spam too!

Latest

Investing

People living in rural areas are having to travel further to find somewhere to withdraw and deposit cash free of charge, says the City...

Investing

Ministers have ruled out extending the list of workers who are exempt from self-isolation rules and warned that the August 16 date for lifting...

Economy

The House of Representatives will adopt the Senate’s version of the proposed measure taxing Philippine Offshore Gaming Operators (POGO), a key lawmaker said on...

Economy

President Rodrigo R. Duterte on Friday approved the recommendation of his pandemic task force to enforce stricter quarantine rules in Manila, the capital, and...

Economy

Thirty-seven percent of Filipinos are optimistic that their lives will improve over the next 12 months, a non-commissioned survey shows.  Of the 1,200 respondents in Social Weather Stations’...

Economy

Six electricity consumers on Friday filed a complaint with the Ombudsman against Department of Energy (DoE) Secretary Alfonso G. Cusi, alleging that the government official has neglected his duties.  “In his five...

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...

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...

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

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. Remember that you can opt-out any time, we hate spam too!