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Alliance Global

From Wikipedia, the free encyclopedia

Alliance Global, Inc.
Company typePublic
PSE: AGI
IndustryConglomerate
FoundedManila, Philippines
October 12, 1993; 30 years ago (1993-10-12)
FounderAndrew Lim Tan
Headquarters36th Street corner 11th Avenue, Uptown Bonifacio, Taguig, Metro Manila, Philippines
Area served
Worldwide
Key people
Andrew Lim Tan (Chairman)
Kevin L. Tan (Vice Chairman and CEO)
Kingson U. Sian (President and COO)
Revenue
  • Increase ₱174.56 billion (2019)
  • Increase ₱27.1 billion (2019)
Websitehttps://www.allianceglobalinc.com/

Alliance Global, Inc. (AGI), styled on its logo as AllianceGlobal and also known as Alliance Global Group, is a Philippine conglomerate founded in 1993, it is a large holding company with business activities spanning the food and beverage industry (including both production and restaurant operations), gambling, and real estate development.

It is one of the largest conglomerates in the Philippines, and is managed by the family of its chairman and CEO Andrew Lim Tan.[1] In 2017, the company moved its headquarters to Uptown Bonifacio, Taguig in the Manila metropolitan area (the National Capital Region of the Philippines).[2]

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Transcription

Subsidiaries

Alliance Global Group is composed of several companies, including:[3]

Food & Beverage

  • Emperador Inc. – the company's beverage production arm best known for its Emperador brandy, which became the world's best-selling brandy (by volume) in 2006.[4][5][6] In 2014, Emperador Inc. purchased the Scottish whisky company Whyte and Mackay from India-based United Spirits Ltd for £430m.[7] In 2015, Emperador Inc. made a deal with Beam Suntory for the purchase of several brands and production facilities for P13.8 billion (275 million euros).[8][9] The deal with Beam Suntory included the purchase of Fundador from its owner, descendants of Pedro Domecq, and Bodegas Fundador (Spain's largest and oldest brandy dating to 1730 with facilities in Jerez and Tomelloso), Terry Centenario (Spain's top-selling brandy), Tres Cepas (Equatorial Guinea's top brandy brand), and Harveys (the UK's top brand of sherry).[9]
  • The Bar Vodka

Real Estate

Hospitality

  • Golden Arches Development Corp – 49% ownership
  • Travellers International Hotel Group, Inc. - is the developer of Resorts World Manila and operates a gaming facility with hotel, retail, dining, leisure and entertainment attractions.

Infrastructure

  • Infracorp Development Inc. - the infrastructure company of the Alliance Global Group Inc.

Others

Legal issue

On April, 2024, the Philippine Stock Exchange imposed fines on AGI for violations of Sections 17.6 and 17.13 of Article VII, 2023 Consolidated Listing and Disclosure Rules (failing to regularly report on shareholder information).[11][12]

References

  1. ^ "Rising tycoon: Megaworld's Tan now heads RP McDonald's grp". GMANews.TV. September 14, 2006. Retrieved August 27, 2008.
  2. ^ Francia, Arra (September 28, 2017). "Megaworld moves to new corporate headquarters".
  3. ^ AllianceGlobal Annual Report 2018
  4. ^ Flores, Wilson Lee (January 9, 2007). "Andrew Tan: The New Billionaire on the block". Philippine Headline News Online. Archived from the original on September 19, 2008. Retrieved August 19, 2008.
  5. ^ Sherry, Kristiane (June 27, 2017). "The top 10 best-selling Cognac and brandy brands". The Spirits Business. Retrieved February 10, 2019.
  6. ^ Dumlao-Abadilla, Doris (December 3, 2018). "Globalizing corporate Philippines". Philippine Daily Inquirer. Retrieved February 10, 2019.
  7. ^ "Philippines firm Emperador buys Whyte & Mackay for £430m". BBC News. May 9, 2014. Retrieved August 12, 2016.
  8. ^ "Andrew Tan's Emperador buys Spain's Fundador". December 2015.
  9. ^ a b Lazo, Kristyn Nika M. (December 1, 2015). "Emperador buys Spain's Fundador". The Manila Times. Retrieved December 2, 2015.
  10. ^ Duffy, Evie (March 20, 2015). "Alliance Global Solution". Retrieved May 15, 2016.
  11. ^ "PSE fines Andrew Tan's AGI for disclosure violations". bilyonaryo.com. April 7, 2024. Retrieved April 8, 2024.
  12. ^ "Consolidated Listing and Disclosure Rules" (PDF). Philippine Stock Exchange . May 1, 2023. Retrieved April 8, 2024.

External links

This page was last edited on 8 April 2024, at 11:21
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