<article>Top liquor firm <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=emperador" target="_blank">Emperador Inc</a> is set to acquire the brandy and wine businesses of French premium spirits company <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Pernod+Ricad" target="_blank">Pernod Ricad</a> in Mexico.</article>

Top liquor firm <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=emperador" target="_blank">Emperador Inc</a> is set to acquire the brandy and wine businesses of French premium spirits company <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Pernod+Ricad" target="_blank">Pernod Ricad</a> in Mexico.
Emperador earlier disclosed that its subsidiary Bodega Las Copas, a fully-integrated producer of brandy in Spain, has signed an agreement to acquire the Domecq brandies and wines from Pernod Ricard.
The transaction includes the brand portfolio of Mexican brandies Presidente, Azteca de Oro and Don Pedro, as well as the winery related to the production of Mexican wines in Ensenada, together with the relevant inventories related to the Domecq brands in several markets, including Spain, United States, Belgium and the Netherlands, among others.
The deal size was not disclosed.
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&#8220;This agreement fits perfectly with the company’s strategy to reinforce its leadership in the global brandy category,&#8221; Emperador said in its statement.
As for Pernod Ricard, it announced that the disposal is in line with their strategy to simplify its portfolio for growth and focus on its priority spirits and wines brands.
&#8220;It reinforces the presence of Bodega Las Copas in the global brandy category,&#8221; Pernod Ricard noted.
The closing of the transaction is subject to customary conditions, including its clearance by the Mexican Anti-Trust authorities.
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Emperador is the world’s largest brandy company and owner of Scotch whisky brands of Whyte and Mackay as well as some Spanish brandy and sherry brands led by Fundador.
Led by billionaire Winston Co, Emperador realized a net income of P4.9 billion from January to September this year. It was about 5 per cent higher than the comparable period last year and was achieved on consolidated revenues of P27.9 billion.
Margins were higher compared to the same period of 2015 due to cost efficiency, which enabled the group to record higher earnings.
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The company recently reported higher margins have enabled Emperador to sustain a high level of profitability that’s underpinned by itsbrandy and whisky products.
&#8220;We have a compellingly diversified product portfolio that encompasses both domestic and foreign markets,&#8221; Co said. &#8220;We expect better sales in the last quarter of this year compared to previous quarters on the back of increased consumer spending resulting from the holiday season.&#8221;
Emperador&#8217;s last trading price increased 2.11 per cent or P0.150 to close at P7.25.
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Philippines: Emperador buys Pernod Ricard's brandy, wine biz

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Philippines: Emperador buys Pernod Ricard's brandy, wine biz

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