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The sticking point for Saji, whose grandfather started the firm in 1899, was apparently control.
FORBES: Nobutada Saji's Big Deal is Called Off
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Now Saji will be under pressure to find new ways to expand, particularly outside of Japan.
FORBES: Nobutada Saji's Big Deal is Called Off
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Suntory President Nobutada Saji said Tuesday he wanted to conclude an agreement with Kirin by the end of the year.
FORBES: Magazine Article
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Suntory, the food and beverage giant run by Japanese billionaire Nobutada Saji, has backed away from plans to merge with rival brewer Kirin.
FORBES: Nobutada Saji's Big Deal is Called Off
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With the country's ale market shrinking, it's no surprise that the nation's biggest brewer, Kirin, wants to absorb smaller rival Suntory, owned by Nobutada Saji, Japan's eighth-richest man.
FORBES: Beer And Bailouts