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Suntory sells Rosinka in Ukraine
According to reports, Japanese beverage company Suntory has sold its Ukrainian soft drink brand Rosinka to its former owner, the Kiev Investment Group.
Rosinka was acquired by the France-based Orangina Group in 2007 for a reported $60m and became part of Suntory when Orangina was bought last September.
The Kommersant newspaper reported that the main reason for the sale of Rosinka is Suntory’s focus on strong regional players. Rosinka is only seventh in the Ukraine beverage market with just 5.5% share, and its sales have apparently fallen over 40% since 2007.
Source: Kommersant
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