Suntory Puts Asia’s Biggest Booze Buyer on 3-Year Hold

suntoryTN
After a $16 billion whiskey binge, Suntory Holdings Ltd. is keeping its wallet in its pocket. Suntory, Asia’s biggest-spending beverage acquirer over the past five years, plans to hold off on buying overseas companies for three years, President Takeshi Niinami said in an interview.Suntory’s $16 billion purchase of U.S. spirits maker Beam Inc. last year has helped raise the portion of revenue from overseas, while boosting debt and causing its credit rating to drop. Full story

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