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),...
Philippine Bank of Communications (PBCom), tycoon Lucio Co’s banking arm, has ended its P2 billion maiden Peso bond offering ahead of schedule, closing more than a week early due to robust investor demand. Initially set to run from October 14 to October 28, the offering attracted strong interest...
Lucio Co-led Philippine Bank of Communications (PBCOM) has launched its maiden peso bond (Series A bonds) public offering with an initial size of P2 billion with an option to upsize. In a disclosure to the Philippine Stock Exchange, the bank said its Series A Bonds, to be issued under PBCOM’s P15...
Lucio Co-led Philippine Bank of Communications (PBCom) was assigned an issuer credit rating of PRS Aa minus (corp.), with a Stable Outlook, by Philippine Rating Services Corporation (PhilRatings). An issuer credit rating, also sometimes called corporate credit ratings or company ratings, or...
Cosco Capital Inc., the retail holding firm of billionaire Lucio L. Co, registered a 15.5 percent growth in its consolidated net income amounting to P6.97 billion in the first half of 2024 from P6 billion in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE),...
