Megaworld optimistic on quick recovery, rolls out 4-point plan to rise from pandemic

Property giant Megaworld is optimistic that it can recover quickly from the pandemic next year following reports of coronavirus vaccines to be released before year-end.

In his message at the company’s Annual Stockholders’ Meeting via live webcast, Megaworld chairman and CEO Dr. Andrew L. Tan said the company is ready to bounce back as it “adjusts to the new demands of the diverse market.”

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Megaworld creates unit for digital technology investments

Andrew Tan-led property giant Megaworld is creating a wholly-owned subsidiary that will spearhead the company’s investments and ventures into digital innovations and technology as it takes advantage of opportunities brought about by changes in consumer behaviors and lifestyles in this digital age.

AGILE Digital Ventures is Megaworld’s digital investment arm that will engage in investing and building technology start-ups that hopes to support the country’s food, retail, and hospitality industries during these challenging times.

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Emperador generates P7 billion net income in 2015

Emperador Inc., the world’s largest brandy company, reported a net income of P7 billion on revenues of P43.6 billion last year, inclusive of foreign operations. The company made the highest quarterly net income in the fourth quarter of 2015, amounting to P2.26 billion, showing a 38% year-on-year increase versus the fourth quarter of 2014 and as much as 56% quarter-on-quarter increase against the third quarter of 2015.

Emperador chairman Dr. Andrew L. Tan said, “The fourth quarter of 2015 also marked a significant milestone in Emperador’s history as an agreement with Beam Suntory Inc was reached to buy Fundador – Philippines’ best-selling premium brandy and an iconic brand for more than 150 years. The purchase also included other Spanish assets like Terry Centenario, Spain’s number one selling brandy; Tres Cepas, the number one brandy in Equatorial Guinea; and Harveys, the number one selling sherry wine in the United Kingdom. The turnover of the Spanish assets recently occurred early this month.”

Emperador buys Fundador
ANDREW TAN. The business tycoon expands his empire with the purchase of the iconic Spanish brandy. (Photo used with permission)


Bigger global presence

Emperador Inc. president, Winston Co, said, “This recent development truly marks an epoch in Emperador’s history. The long-term potential of our brandy business is more compelling than ever. We have become even more global.”

Emperador now has a much bigger product portfolio of brandy and whisky that has greater global presence. The core local product, Emperador brandy, will benefit from this international route to market given export opportunities in other countries.

Co said, “We are best positioned to capitalize on premiumization opportunities in the Philippine market. We now have a broad spectrum of products available locally ranging from standard to ultra-premium offerings. Our core local product, Emperador brandy, remains to be the undisputed leader in the local liquor industry. We also now have a compelling presence in foreign liquor in the Philippines with our Fundador brandy and single malt whisky products, The Dalmore and Jura.”

Emperador Inc. is majority-owned by Alliance Global Group, Inc. (Press Release)