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Kirin Holdings spokesperson Ataka Takashima said the purpose of the alliance was to jointly develop a beverage which combined the strengths of FANCL’s health product knowledge in a format that was more accessible to consumers.
More from Beverage Daily (United Kingdom):
Australia will not approve China Mengniu Dairy Company’s proposed buyout of some of Australia’s best-known milk brands from Japan’s Kirin Holdings, the Australian Financial Review reported on Thursday.Australia Treasurer Josh Frydenberg has gone against the advice of the Foreign Investment Review Board (FIRB) which was to approve the A$600 million (US$434 million) deal, the report said, citing unidentified sources.China Mengniu Dairy Company offered to buy Lion Dairy & Drinks from Kirin...

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