Suntory confirms Tsingtao China JV withdrawal
Suntory has replaced its China beer JVs with a licence agreement
The Japanese firm, which was rumoured earlier this month to have been considering the move, confirmed two weeks ago that it has offloaded its 50% stakes in Suntory Tsingtao Brewery (Shanghai) Co and Tsingtao Brewery Suntory (Shanghai) Sales Co to its partner. Financial details were not disclosed.
“By concluding a new production and sales licence agreement,” the company said, “the Suntory beer brand will continue to be sold as normal - principally in Shanghai and Jiangsu Province - following the transfer of shares.”
Suntory set up its Chinese partnership with Tsingtao in 2012. Late last month, reports claimed the company is considering a “strategic partnership” for its beer brands in the US.
just-drinks, in association with The IWSR, presents this seven-part review of the global gin category. In part four, we turn our attention to the major gin brands and their owners....
Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organi...
On 1 January 2015, Suntory Liquors Ltd changed its name to Suntory Spirits Ltd, spinning off its beer business following the acquisition of Beam Inc in May 2014. The company is now listed under Beam S...
The most obvious trend in 2015 was the continual increase in volume sales of mid-priced and premium brands....
A Californian technology company is bringing off-premise wine equipment into the kitchen with the launch of an at-home by-the-glass wine dispenser....
- Have spirits companies forgotten the mainstream?
- Ten questions for Diageo - Analysis
- Does alcohol accelerate the onset of dementia?
- Pernod's mood darkens over India - Analysis
- Why Scotch must drop the 'malts good, blends bad'
- Moet Hennessy unaffected by LVMH Dior buy
- Distell acquires majority stake in Cruz Vodka
- Diageo to cut 105 jobs in Scotland, 50 in Italy
- Portman Group heads to Tesco for new chief exec
- William Grant names Europe & NA Travel Retail head
- Global Scotch insights - market forecasts, product innovation and consumer trends
- Global Champagne and sparkling wine insights - market forecasts, product innovation and consumer trends
- Battle of the Generations - The fight for iGen, Millennial, Gen X and Baby Boomer consumers
- Myanmar - ISA Country Report
- Craft Beer: Coming of Age or Past Its Prime?