US/JAPAN: Suntory refuses to confirm drinks HQ switch
Suntory is reportedly looking to move its alcoholic drinks HQ to the US
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.
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