ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Business deals

Japan's Calbee pulls out of Philippine potato chip venture

Snackmaker is latest seller of premium products to exit competitive market

Calbee's potato chips were 40% more expensive than offerings from joint venture partner Universal Robina.

MANILA -- Japanese snackmaker Calbee on Wednesday said it would pull out of its potato chip venture in the Philippines with food and beverage group Universal Robina after it failed to make money.

Calbee said it was selling its 50% stake in the joint venture to its Filipino partner for around 170 million pesos ($3.13 million).

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more