Alliance Global Explained
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]
On June 1, 2024, AGI announced the appointment of Kevin Andrew Tan, as president and chief operations officer of AGI, replacing Kingson Sian.[3]
Subsidiaries
Alliance Global Group is composed of several companies, including:[4]
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.[5] [6] [7] In 2014, Emperador Inc. purchased the Scottish whisky company Whyte and Mackay from India-based United Spirits Ltd for £430m.[8] 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).[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).[10]
- 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).[12] [13]
Notes and References
- Web site: Rising tycoon: Megaworld's Tan now heads RP McDonald's grp. GMANews.TV. 2006-09-14. 2008-08-27.
- Web site: Megaworld moves to new corporate headquarters. Francia. Arra. 28 September 2017.
- News: TPiad . Tyrone Jasper . Traveller CEO’s retirement prompts shakeup in AGI. June 5, 2024 . . June 4, 2024.
- https://www.allianceglobalinc.com/company-disclosures/annual-report-2018 AllianceGlobal Annual Report 2018
- Web site: Wilson Lee . Flores . Andrew Tan: The New Billionaire on the block . Philippine Headline News Online . 9 January 2007 . 2008-08-19 . https://web.archive.org/web/20080919232044/http://www.newsflash.org/2004/02/sb/sb005402.htm. 19 September 2008 . dead.
- Web site: The top 10 best-selling Cognac and brandy brands. Sherry. Kristiane. 27 June 2017. The Spirits Business. 10 February 2019.
- News: Globalizing corporate Philippines. Dumlao-Abadilla. Doris. Philippine Daily Inquirer. 3 December 2018. 10 February 2019.
- Web site: Philippines firm Emperador buys Whyte & Mackay for £430m. . 9 May 2014 . 2016-08-12.
- Web site: Andrew Tan's Emperador buys Spain's Fundador. December 2015.
- Web site: Emperador buys Spain's Fundador. The Manila Times. 2 December 2015 . Kristyn Nika M. . Lazo . 1 December 2015.
- Web site: Alliance Global Solution. Duffy. Evie. 20 March 2015. 15 May 2016.
- News: PSE fines Andrew Tan’s AGI for disclosure violations. April 8, 2024 . bilyonaryo.com. April 7, 2024.
- News: Consolidated Listing and Disclosure Rules. April 8, 2024 . . May 1, 2023.
