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Suntory postpones ambitious US$36b sales goal

Wed, Sep 27, 2017 - 5:50 AM

Suntory placed its biggest bet when it purchased Beam, the US bourbon maker, for about US$16 billion, including debt, to grow beyond Japan. Suntory is the second largest soft drinks seller in Japan, after Coca-Cola Co.

PHOTO: REUTERS

Tokyo

SUNTORY Holdings Ltd, the liquor giant that is facing a slowdown in the Japanese market, stepped back from its goal of almost doubling annual revenue by 2020.

The company will reach the sales target of four trillion yen (S$48.3 billion) - made in 2014 after it agreed to...

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