Manila—(PHStocks)—Emperador Inc.‘s (PSE: EMP) offshore unit Emperador International Ltd has acquired another 409 hectares of vineyard land within the province of Madrid, Spain, through Spanish subsidiary Grupo Emperador Spain S.A.
“We are building more vineyards in order to support our brandy production in Spain. We are very satisfied with the Philippine market’s reception for our Emperador Deluxe Spanish Edition, an Emperador product that is produced and bottled in Spain. Sales of this product have exceeded our expectations since we launched it in the Philippines a few months ago. We expect to more than double our sales volume for Emperador Deluxe next year,” Jorge Domecq Bohórquez, managing director of Emperador International, said. “We are currently preparing to launch Emperador Deluxe to the Vietnam market next year.”