Retail in Asia

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Kirin taps new President

Tokyo-based Kirin Holdings Co. announced last week a shake-up of its senior management just days after walking away from merger talks with Suntory Holdings Ltd, as the company looks to improve its sales growth and widen its global reach through overseas alliances and acquisitions.

Kirin Holdings said Vice President Senji Miyake will become the company’s new President pending Board approval after a shareholders’ meeting on 26 March.

"We want to take our chances and grow through a strategy of M&A and business alliances," Miyake told reporters after the announcement.

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(Source: The Wall Street Journal Online)