Tanduay Distillers, Inc. (TDI), the spirits unit of the Lucio Tan Group, posted a 37 percent growth in net income to a record ₱2.15 billion in 2024 from the ₱1.57 billion earned in the previous year. In a statement, the firm said this growth was driven by a combination of higher sales...
Incoming Philippine Airlines (PAL) President Richard Nutall (left) and incoming Executive Vice President and Chief Operating Officer (COO) Carlos Luis Fernandez (right) Flag carrier Philippine Airlines (PAL) has appointed British national and veteran airline industry executive Richard Nuttall as...
Tycoon Lucio L. Co’s retail holding firm Cosco Capital, Inc. and The Keepers Holdings Inc. (Keepers), the Philippines’ largest imported liquor distributor, reported strong double-digit profit growth for 2024. In a disclosure to the Philippine Stock Exchange, Cosco reported a 25 percent hike in...
Estelito "Titong" Patdu Mendoza From defending powerful tycoons in high-profile corporate battles to serving as the government's chief legal strategist, Estelito Mendoza's career was a tapestry of legal victories and controversies. Mendoza, “Titong” to those who knew him, was a prominent...
LT Group Inc., the holding company of taipan Lucio Tan, reported a 14 percent improvement in attributable net income to a record high of ₱28.92 billion last year from the ₱25.42 billion reported in 2023 on the back of strong growth in its tobacco, banking, liquor, and beer businesses. In its...
Adding a touch of youthful energy to the Philippines' delegation at the World Economic Forum (WEF) in Davos, Lucio Tan III, grandson of Filipino tycoon Lucio Tan, joined government officials in courting global investors. Tan, the millennial president of the LT Group, was more than just a...
Tanduay Distillers Inc. is aiming to penetrate new markets in Europe and Latin America this year after successfully venturing into the Czech Republic and South Korea in 2024. In a statement, the firm said “Plans are underway to establish a brand presence in France, Italy, Spain, Denmark, the...
Tycoon Lucio Co is consolidating his retail grocery businesses further with the acquisition by Puregold Price Club Inc. of the Co family’s 153 Puremart stores for P567.5 million. In a disclosure to the Philippine Stock Exchange (PSE), Puregold said it is acquiring all the Puremart stores located...
Amid a slowdown in the residential construction and home improvement retail business, tycoon Lucio Co’s retail holding firm Cosco Capital Inc. has canceled its planned P500 million joint venture into the industry with a Thai company sealed in 2022. In a disclosure to the Philippine Stock...
Lucio Co-led The Keepers Holdings Inc., the largest imported liquor distribution in the Philippines, is planning to acquire 100 percent of premium beer importer Booze On-Line Inc. for an undisclosed amount. In a disclosure to the Philippine Stock Exchange (PSE), Keepers said the price is below 10...
Cosco Capital Inc., the retail holding firm of tycoon Lucio L. Co, reported a 10 percent increase in consolidated net income to P10 billion for the first nine months of 2024 from P9.1 billion in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm attributed...
Puregold Price Club Inc., the grocery retail leader controlled by tycoon Lucio Co, reported a 4.5 percent growth in consolidated net income to P6.9 billion in the first nine months of 2024, up from P6.6 billion in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE),...
