EMPERADOR Inc. is increasing its capital expenditure to around 50 percent, as it further expands its global footprint in various international markets.
Emperador Inc. is the largest global brandy company that owns Emperador Brandy and Fundador Brandy.
“Last year, at the height of the pandemic, we held back on our capital expenditure so we spent around P1 billion. With the vaccinations underway, we expect some easing of pandemic restrictions this year and onwards with increased air travel, and overall, some form of normalcy,” Emperador Inc. President Winston Co said.
According to him, in the United States, sales grew more than 20 percent, while in the United Kingdom, sales grew by more than 30 percent. In China, Co said their sales have doubled.
Liquor restrictions in certain areas in the Philippines over an extended period affected sales.
Co also said e-commerce is increasing its role in their business all over the world. Emperador Inc., whose brandy and whisky products are available in more than 100 countries across six continents, is a publicly listed company at the Philippine Stock Exchange.