Japan's Kirin to sell Four Roses bourbon brand to Gallo
USA | In a move that markedly expands its presence in the whiskey category, the privately-owned wine and drinks firm Gallo has agreed to acquire Four Roses bourbon from Japan's Kirin for up to USD 775 million, media reported on 5 February. The Financial Times had reported in October that Kirin was looking to raise as much as USD 1 billion from a sale of Four Roses, which it acquired in 2002. Kirin probably had to accept a lower price for its brand as whiskey sales in the US and abroad are entering into a period of correction after several boom years.
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