SUMMARY
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Centuries ago, Spain ruled the Philippines. This year, however, it’s the other way around, at least in the brandy world. Philippine liquor maker Emperador Distillers Inc, a wholly owned subsidiary of tycoon Andrew Tan’s Alliance Global Group, announced it is acquiring 100% of Bodega San Bruno S.A., the brandy unit of González Byass S.A. for an undisclosed amount. González Byass is one of the largest and oldest liquor and wine conglomerates in Spain. Alliance said this move is part of efforts to expand its global reach. Emperador is one of the largest liquor companies in the Philippines, selling over 31 million cases of brandy in 2012.
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