Business / Corporate Nov 21, 2014

Suntory mulls sale of gym chain Tipness to NTV

Suntory Holdings Ltd. is considering selling health club unit Tipness Ltd. to Nippon Television Holdings Inc. as it tires to unload noncore businesses to help pay for its buyout of U.S. distiller Beam Inc. earlier this year, sources said Friday. Suntory is expected to sell ...

Suntory to focus for now on repaying Beam debts

Business / Corporate May 16, 2014

Suntory to focus for now on repaying Beam debts

Closely held Suntory Holdings Ltd. said it will focus on repaying debts from its $16 billion buyout of Beam Inc. before seeking further acquisitions. The Osaka-based whisky and beer maker plans to refinance part of its ¥800 billion bridge loans with ¥300 billion in subordinated ...