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Food & Beverage

Away from Myanmar, Kirin pivots to craft beer in U.S. and Australia

Japanese brewer's exit from emerging Asian markets part of strategy shift

Kirin has made a concerted push into craft beer, evidenced by its recent purchase of Bell's Brewery, a U.S. brewing company.

TOKYO -- Japanese drinks giant Kirin Holdings is changing its strategy as it withdraws from Asia, looking to focus instead on more profitable craft beer and probiotics businesses in the U.S. and Australia.

Over a span of just three days, Kirin announced it would exit joint ventures in Myanmar and China in decisions underscoring the limits of developing emerging markets that are quick to mature yet plagued by political instability.

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