Suntory is reportedly looking to move its alcoholic drinks HQ to the US

Suntory is reportedly looking to move its alcoholic drinks HQ to the US

Suntory Holdings has declined to confirm reports that it will move its alcoholic drinks unit HQ to the US after its acquisition of Beam Inc completes.

The Japan News reported last week that the group will transfer all its alcohol business operations, including whiskey, to Beam's headquarters in Deerfield, Illinois once the US$16bn deal is finalised. The subsidiary will be named Beam Suntory and will be led by current Beam CEO Matt Shattock, it was reported.

Suntory executives, including Suntory Holdings executive VP Yasunori Aiba, who is also president of Suntory Liquors, will join the new unit's board of directors, the paper said.

When contacted by just-drinks about the changes, a Suntory spokesperson said: “We have no comment on this report.” 

The Japanese group's US$16bn acquisition of Beam, first announced in January, is expected to complete next week after it was confirmed yesterday that the deal has cleared its final regulatory hurdle

Three Beam executives, including its CFO, have announced their intention to resign from the spirits firm as a result of the takeover.