With the intention of growing international sales by up to 40% over the next five years, the company is said to be considering targets with over $1bn in annual sales. Such a move would contribute to doubling Suntory’s turnover and help it expand beyond the increasingly stagnant domestic Japanese market.
“Despite launching as many as 200 new products a year, these days it’s difficult to grow an international drinks company without acquisitions,” Suntory chairman Nobuhiro Torrii was quoted as saying in Japanese media.
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