Beer venture between Suntory, Tsingtao to be dissolved

Business / Corporate Oct 19, 2015

Beer venture between Suntory, Tsingtao to be dissolved

Suntory Holdings Ltd. and China's Tsingtao Brewery Co. have agreed to dissolve their joint beer venture. The Japanese brewer will pursue growth by focusing on China's spirits, wine and soft drink businesses, it said Monday. Suntory, which owns a 50 percent stake in both the ...