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Suntory

Suntory set to appoint first non-family chairman

June 24, 2014

Century-old Japanese drinks maker Suntory Holdings, owned by the Saji family, will reportedly appoint its first non-family chief executive for four generations later this year.

Century-old Japanese drinks maker Suntory Holdings, owned by the Saji family, will reportedly appoint its first non-family chief executive for four generations later this year.

According to media reports, fourth-generation chief executive Nobutada Saji, 68, will step down in October to make way for Takeshi Niinami, the current chairman of convenience store operator Lawson.

Saji will remain chairman of the family business, which was founded in 1899 in Osaka, and in 2012 had revenues of €13 billion.

The end of family ownership for Remy Cointreau?

April 7, 2014

Brown-Forman, one of the US's largest spirits companies, is rumoured to have its sights set on acquiring third-generation French cognac business Remy Cointreau.

Brown-Forman, one of the US's largest spirits companies, is rumoured to have its sights set on acquiring third-generation French cognac business Remy Cointreau.

The source of the rumour was Betaville, a City of London blog penned by freelance financial journalist Ben Harrington.

Bottle bond

January 13, 2014

Many investors were happy to pay over the odds for shares in Japanese drinks business Suntory, safe in the knowledge the founding Saji family – renowned for their business acumen – were steering the ship. But what if the next generation decide to take a step back from management? CampdenFB reports.

When family-controlled Japanese drinks business Suntory had its $4bn IPO in July, many analysts felt that the shares were overvalued compared to its peers. But what non-Japanese investors failed to understand is that the price includes a family premium. Suntory is iconic in Japan, and so is the Saji family which controls it. Those who bought shares are showing their trust in the Sajis. But could the nay-sayers be right?

Family Business Roundup: News Corp to delist; Suntory files for IPO; Fiat plans Chrysler purchase

May 31, 2013

News Corp to delist in London when it splits its business activities; Japanese drinks firm Suntory plans $4.7 billion IPO; and Fiat wants to buy the remaining stake in Chrysler.

News Corp

News Corp has announced it will delist from the London Stock Exchange when it splits its publishing and entertainment activities next month.