NEWSWORTHY
Kirin to shift from beer to health products, Sankei newspaper reports
Kirin Holdings Co., Japan's second-largest beer brewer, will shift its core business strategy from beverages to "health and illness-preventing" solutions, the Sankei newspaper reported, citing an interview with Chief Executive Officer Yoshinori Isozaki. The Tokyo-based company is planning a global expansion of products that use ...
Top China milk brand and Canadian rival interested in buying Kirin's Australian dairy arm
Kirin Holdings Co.'s sale of its Australian dairy unit has attracted interest from China's top milk producer as well as Canadian rival Saputo Inc., according to sources. Inner Mongolia Yili Industrial Group Co., China's biggest dairy company, and Saputo have each spoken with investment banks ...
Asian brewer dubbed world's cheapest alcohol stock by Goldman Sachs
Thai Beverage PLC has earned the title of the world's "cheapest alcohol" pick at Goldman Sachs, with the Bangkok-based brewer now the worst performer in its consumer stocks coverage, although analysts say a turnaround in its operations next year will give the stock a ...
Top Iwate brewery turns to AI for high-tech assist with sake
An award-winning sake brewery in the Tohoku region is eyeing a new approach to sake production that uses artificial intelligence to assist skilled workers. Nanbu Bijin Co. in Ninohe, Iwate Prefecture, is developing an AI tool to find the best time to drain water in ...
Asahi to sell its stake in China's Tsingtao for $941 million
Asahi Group Holdings Ltd. agreed to place its stake in Tsingtao Brewery Co. back into Chinese hands, selling its holding to conglomerate Fosun Group and the local brewer for about $941 million. Asahi is selling its 20 percent holding in China's third-largest brewer for $27.22 ...
Asahi sets ambitious goals for expansion in Europe and the U.S., as domestic demand wanes
Asahi Group Holdings Ltd. will ramp up sales of its top-selling Super Dry beer in Europe with local production aided by faster integration of last year's $11 billion purchase of brands from Anheuser-Busch InBev NV. Japan's largest brewer will produce Super Dry in Padua, Italy, ...
Sapporo snaps up Anchor Steam in U.S. craft-beer foray
Anchor Brewing Co., a century-old San Francisco brewer that helped pioneer the craft-beer movement, will be acquired by Sapporo Holdings Ltd., part of a push by Japanese beverage companies to seek growth on U.S. soil. The business, best known for Anchor Steam beer, fetched about ...
Kirin Holdings Co. plans to sell its struggling beverage business in Brazil to Dutch brewer Heineken NV for about ¥100 billion ($8.7 billion), a source familiar with the matter said Friday. Kirin Holdings said in a statement that although nothing has been finalized, it is ...
As demographic trouble looms, Asahi thirsty for overseas deals
Asahi Group Holdings Ltd. wants to grow its overseas business to about a third of sales with more acquisitions as the nation's largest brewer seeks to offset a falling beer market at home. Further acquisitions would follow the company agreeing to buy about $11 billion ...
Asahi bid for SAB assets said to be about $834 million above runner-up
Asahi Group Holdings Ltd. is paying a hefty premium for the business that owns Czech lager Pilsner Urquell, extending a pricey deal-making spree by Japanese companies eager to find new growth overseas. The company's bid for SABMiller Plc's eastern European assets beat the next-highest offer ...
Kirin to buy stake in Brooklyn Brewery to facilitate growth in craft beer market
Kirin Holdings Co. agreed to acquire a minority stake in Brooklyn Brewery, marking a rare investment by an Asian company in the $22 billion U.S. craft lager industry. Kirin and Brooklyn Brewery will form a joint venture in January 2017 to roll out the Brooklyn ...
Asahi Group Holdings Ltd. could save about ¥30 billion ($297 million) on its purchase of European beer brands from Anheuser-Busch InBev NV because the yen has strengthened since the firms cut the deal. The brewer expects its purchase of Peroni, Grolsch and Meantime beers to ...
