Bilyonaryo Lucio Co-led liquor retailer The Keepers Holdings Inc. is setting up a new distribution unit.
Keepers told the local bourse that it has authorized its president and director Jose Paulino Santamarina to sign application documents to incorporate the new subsidiary for and on behalf of the company.
Keepers is the largest imported liquor distribution company in the Philippines.
It has been bringing the best international brands of wines and spirits to Philippine shores for over 20 years now.
Keepers ended June with over P7 billion in cash, which it plans to use for the expansion of itsg diversified and curated liquor portfolio as well as its distribution capabilities across the country in line with its medium-term strategic expansion plans and programs.