1. Kirin to Push Deeper Into Health Care After Shoring Up Asia.
- Author
-
Glass, Mia and Furukawa, Yuki
- Subjects
MEDICAL care ,CHIEF operating officers - Abstract
Kirin Holdings Co. plans to expand its health care business by strengthening recent acquisitions and seeking new ones in North America, with a goal of reaching ¥500 billion ($3.3 billion) in annual sales. The company wants the health business to make up 20% of total sales by 2030. Kirin has already acquired a stake in Fancl Corp. and purchased Australia-based vitamin company Blackmores Ltd. Kirin will focus on growing these acquisitions and expanding its reach to other regions. However, there are concerns about how well Kirin's beverage and health items will work together. Kirin is also looking to rely less on its alcoholic beverages business due to increasing regulations and warnings about harmful drinking behavior. [Extracted from the article]
- Published
- 2024