Japan’s Kirin Aims to Buy All of Fancl by End of This Year
- Kirin gained control of 75.2% of Fancl through tender offer
- Company looking at inorganic growth route to boost revenue
A Fancl store.
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Kirin Holdings Co. is looking to buy all of Fancl Corp. by the end of this year, as the Japanese brewer looks to grow through more acquisitions.
The company aims to more than double its revenue from the health science division to 20% of total in about 10 years, its President and Chief Operating Officer Takeshi Minakata said in an interview. He was speaking after Kirin gained majority control of the skincare and supplement brand.