NEW DELHI/BENGALURU/TOKYO - India’s B9 Beverages, maker of popular craft beer Bira, is in talks with international brewers and investors to sell a stake of up to 20% in the company, its chief executive told Reuters on Tuesday.
“We’ve been talking to beer companies that are not competitive in India or have minimal operations in India.” A Kirin spokesman said there was “absolutely no discussion at the moment” on taking a stake in Bira. Last week Kirin cut its full-year profit outlook due to the COVID-19 impact and said it would avoid “non-essential” investments.
Kirin has in the past shown interest in independent breweries and owns a minority stake in New York’s Brooklyn Brewery. “Bira is really struggling financially at the moment and they badly need a lifeline. A deal with Kirin or any of the other global strategic companies would give them that,” said one of the Indian industry sources.
adityakalra ASenjourno ritsukoandos You gotta love some Indian juice.
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