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Kirin sells Four Roses to Gallo for $775m
Japanese brewer Kirin Holdings has agreed to sell its Kentucky bourbon brand Four Roses to US-based Gallo Winery for up to $775m.
The price of Japanese beer is set to rise due to the increase in the costs of natural resources and labor expense.
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Japanese brewer Kirin has bought the outstanding shares in Aleadri-Schinni Participações e Representações S.A. (“Aleadri”), a company that holds 50.45% of the outstanding shares of Schincariol Participações e Representações SA (Brazil; CEO: Adriano Schincariol: “Schincariol”).
