Emperador, Inc., the world’s largest brandy company, is further expanding its brandy business across North and South America next year.
The firm said in a statement that its brandy portfolio continues to dominate market shares in several countries in this part of the world.
In the United States, volume of Don Pedro and Presidente have been growing in the last five months even as the country faces the challenges of the coronavirus pandemic.
Both brandy products are part of the Casa Pedro Domecq portfolio in Mexico, which is now under Grupo Emperador Spain and currently controls 57 percent of the Mexican brandy market.
Don Pedro recorded double digit volume growth particularly in Nevada, New Jersey, and Illinois while Presidente also enjoys rapid growth in Arizona, New Mexico, and Oklahoma.
“We see brighter prospects in further growing our brandy business across the United States in 2021. Our products are now readily available in several states,” said Grupo Emperador Spain Chief Executive Officer Juan Cortès Vilardell.
He added that, “Aside from Don Pedro and Presidente, we are also selling our imported brandies – Spanish-made Fundador and Philippine-made Emperador – across the US.”
Villardell noted that, “From January to September this year, we have already increased our Fundador sales in the US by around 23 percent and this is a very positive signal for us.”
In Latin America, another brandy product under Grupo Emperador Spain, Brandy Domecq, is already dominating the brandy market in Colombia with a 91 percent market share.
Brandy Domecq also has a strong presence across other Latin American countries, particularly in Peru, Ecuador, Chile, Panama, Aruba, and Brazil.
“Just like in Mexico where we have dominated the market share for brandy, we have also seen a steady growth in Colombia’s brandy market in the last five years,” said Villardell.
He believes that, “As their economy improves, more and more people are upgrading to brandy from their local white drink called Aquardiente. We remain focused on further expanding our presence across Latin America by also introducing our imported brandy products, particularly the Philippine-made Emperador Brandy, because the taste preference for brandy in this region has been remarkably growing.”
During the first nine months of the year, Emperador’s international business boosted its net income by 11 percent to P5.9 billion.In the third quarter alone, the company achieved a record growth of 26 percent in its earnings due to the surge in the demand for its products in various overseas markets even in the middle of the pandemic.(James A. Loyola)