We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
ACCEPT Reject
Already have an account? Sign in.

 Remember Me | Forgot Your Password?
Home Manage Alerts Archive Archive About Us Register Now   Not a User? Join now

U.S. Trade War Deters Suntory From Further Investment In China

July 2, 2019: 12:00 AM EST
Japan’s Suntory Holdings will delay further investment in China because of the uncertainties stemming from the U.S.-China trade war. CEO Takeshi Niinami said the company prefers to be in Southeast Asia rather than in China, and is bullish on India, the world’s largest whisky market by volume. The company is also adjusting strategies to sell to Millennials, who are drinking less alcohol than previous generations. To help sell alcohol to Millennials, Suntory is marketing more premium alcohol types. It is also trying to attract beer drinkers to consume more premium products. Although Suntory is still operating in China, Niinami said the company needs further clarity on the U.S.-China trade dispute before further investment decisions can be made. [Image Credit: © SUNTORY HOLDINGS LIMITED]
Huileng Tan, "Japanese brewer Suntory will hold off investing in China amid the trade war", CNBC.com, July 02, 2019, © CNBC LLC. A Division of NBCUniversal
Domains
China Business
Focus Areas
Sectors
Beverages
Market News
Geographies
Worldwide
Asia-Pacific
China
Japan
Categories
Brands
Companies, Organizations
Market News
Suntory
Home | Privacy Policy | Terms and Conditions | Contact Us Copyright © 2000-2023 Business360 Inc. All Rights Reserved
Developed by Yuri Ingultsov Software Lab.