JAPAN: Suntory confirms shake-up, plans "aggressive" M&A

By | 18 December 2012

Suntory will target M&A with its new structure

Suntory will target M&A with its new structure

Suntory Holdings has confirmed plans for a major shake-up, including a raft of new executive appointments and a more “aggressive” M&A strategy.

In a statement today (18 December), the Osaka-headquartered group said it will strengthen its corporate planning and admin system by setting up a strategy planning and finance division for its beverage and food division. A separate new strategy development department will also promote the group's M&A strategy “more aggressively”, it said.

The statement did not refer to plans to raise up to US$6bn by selling shares in its beverage and food division, as reported last week. The group did not deny the plans, but said nothing is confirmed.  

The company said today it will also look to speed up the development of its drinks and food business in the Middle East, Africa and Latin America, by placing this part of the business under the control of its international division. 

Suntory also announced the retirement of eight executives, as well as new appointments and job roles in its beverage and food division, and its liquor unit. 

The changes will take effect on 1 January. 

According to a press report earlier this month, Suntory held talks with Diageo about a possible takeover of Beam Inc this summer.  Both Diageo and Beam declined to comment on the reports, when contacted by just-drinks

Expert analysis

Carbonated Soft Drinks: Global Industry Guide

Carbonated Soft Drinks: Global Industry Guide is an essential resource for top-level data and analysis covering the Carbonated Soft Drinks industry. It includes detailed data on market size and segmentation, textual analysis of the key trends and competitive landscape, and profiles of the leading companies. This incisive report provides expert analysis on a global, regional and country basis.

Sectors: HR – personnel, Soft drinks

Companies: Suntory, Diageo, Beam Inc

View next/previous articles

Currently reading -

JAPAN: Suntory confirms shake-up, plans "aggressive" M&A

There are currently no comments on this article

Be the first to comment on this article

Related research

Juices in Belgium

Juices in Belgium industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). The profile also contains descriptions of the leading players including key financial ...

Carbonated Soft Drinks in Spain

Carbonated Soft Drinks in Spain industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). The profile also contains descriptions of the leading players including ...

Carbonated Soft Drinks in Japan

Carbonated Soft Drinks in Japan industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). The profile also contains descriptions of the leading players including ...

Related articles

EUROPE: West Indies rum body launches EUR5m provenance push

The West Indies Rum & Spirits Producers Association (WIRSPA) is to spend EUR5m (US$6.7m) on a fresh campaign backing the trade body's provenance marque across Europe.

just For Subscribers - The week in drinks

Here are the ten most viewed, subscriber-only items on just-drinks this week:

Product Launch - US: Beam Inc's Pinnacle Strawberry Shortcake

Beam Inc has launched another flavoured variant to its Pinnacle vodka range - Strawberry Shortcake.

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page