Heineken will dissolve a joint venture of nearly four decades with Japan’s Kirin Brewery, Nikkei has learned, with the Dutch beer maker deciding to fly solo in Japanese consumer sales starting next year.
Heineken will convert the joint venture, Heineken Kirin, into a wholly owned subsidiary. The name of the unit will be changed to Heineken Japan in April. Heineken controls 51% of the joint venture while Kirin owns the rest.
Under the joint venture, launched in 1984, Kirin handled sales of canned and bottled Heineken for the consumer market. Heineken will take over that role once the joint venture is dissolved.
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Heineken joint beer venture with Kirin fizzles out
Nikkei – Dec 02
Heineken will dissolve a joint venture of nearly four decades with Japan’s Kirin Brewery, Nikkei has learned, with the Dutch beer maker deciding to fly solo in Japanese consumer sales starting next year.
Japan records highest increase in commodity prices in 4 decades
see.news – Nov 26
Official data issued by the Japanese government revealed on Friday that the prices of basic commodities of interest to consumers in the capital, Tokyo, rose by 3.6% in November compared to the same period in the previous year, recording the largest increase since 1982 amid the rise in energy and food prices, which have increasingly put pressure on household budgets.
New banknotes put to the test
TV Asahi – Nov 22
The National Printing Bureau in Tokyo is testing whether supermarket cash registers, vending machines, ATMs, etc. can read new banknotes without problems ahead of issuance in 2024.
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