Business & Tech
Beam Suntory to Sell Brandy to Philippine Giant
Emperador will buy popular brandy brands from Jim Bean's parent.
Jim Beam’s parent will sell its Spanish brandy and sherry business to Emperador, a Philippine brandy giant.
Deerfield-based Beam Suntory, the world’s third largest premium spirits company, will get $291 million from Emperador in exchange for the Fundador, Harveys, Terry and Tres Cepas brands, according to the Chicago Tribune.
In addition to Jim Beam, Beam Suntory is still left with other popular brands such as Maker’s Mark and Knob Creek bourbon, Canadian Club whiskey and Kakubin, Yamazaki and Courvoisier cognac.
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Emperador is the world’s best-selling brandy, even though it is only sold in the Philippines.
They must really love it there.
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