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Kirin, Suntory to merge? | Australian Food News
Kirin, Suntory to merge?
- July 13, 2009
- Daniel Palmer
Food and beverage firms Kirin Holdings and Suntory are reportedly in talks regarding a potential multi-billion dollar merger, which could have ramifications on the beverage landscape in Australia.
Nikkei English News, citing unidentified people, said the Japanese companies were hoping to reach an agreement by year’s end, with talks between the leaders of the two companies progressing since the end of 2008.
Both companies have recently been looking overseas to diversify their portfolios and shield them from a shrinking Japanese marketplace. Kirin purchased Australian dairy business National Foods in 2007 and followed up with the acquisitions of Dairy Farmers last year and brewer Lion Nathan this year*. They also made a play for Coca-Cola Amatil last year.
Suntory has also been boosting their Australian and New Zealand interests, via the $1.2b purchase of Frucor early this year. The company, which became a part of popular culture with the release of renowned 2003 film Lost In Translation, is the distributor of Piper-Heidsieck, Cointreau, Remy Martin, Midori, Frangelico, Jagermeister, Glenfiddich, Jose Cuervo and Campari brands in Australia.
Suntory has since told Reuters that they are currently mulling a number of options including a merger but nothing had been decided yet.
Kirin response
“Today, a news media reported that Kirin Holdings Company, Limited (Kirin) and Suntory Holdings Limited (Suntory) are in talks of business merger. However, the contents of the article are not what Kirin has announced,” the Japanese brewer advised.
“Kirin and Suntory have already collaborated in various operational areas such as distribution and procurement. However, nothing has been resolved or reached an agreement in the area of business merger.”
*Still requires shareholder approval.
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beverages, Frucor, Kirin, Kirin-Holdings, Lion-Nathan, merge, merger, Suntory
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Related Stories
- July 15, 2009 — Kirin admits to merger discussions with Suntory
- September 16, 2009 — Suntory, Kirin look for regulatory clearance on proposed merger
- August 7, 2009 — Kirin underestimates benefits from Dairy Farmers acquisition, but profit hurt by exchange rate
- July 23, 2009 — Kirin aims to seal Suntory deal soon: report
- June 19, 2009 — Kirin gets FIRB approval for Lion Nathan takeover
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So You Wanna be a Pilot? : (Pilot, A Dream, A Goal, A Passion )
Note from blogteam: Chee Keong, Congratulations! You are our first shortlisted candidate. Your post speaks for itself. You have shown us the desire and you are the first on board and one step closer to be one of the ten. This does not mean you are already one of the ten but you have already been identified for possible selection.
PS. This is no April Fool’s joke. You earned it.
YES!! I want to be a PILOT!!
Why Pilot?
P = Pleasurable
I = Interesting
L = Lively
O = Opportunity
T = ThrillDream might be hard to be achieved, but that is the point of it. I was very much amazed when I read the article in the newspaper regarding this competition on 5th of March. I have always wanted to be a pilot since I was young and till this very moment, I would still stand firm for my ambition and never, ever give up faith and hope to become a pilot to fly, and take off from the ground. It is not just a dream, but a goal in life!
When I was in primary school, I was asked to write an essay regarding my ambition and what I want to be in the future. I can still remember writing and telling the teacher that I want to be a plane driver. I was laughed at because I didn?t know that flying a plane is behind a yoke, and not a steering. Haha?.. I was told by my English teacher at then (Ms Lee) that flying a plane requires lots of studies and having good eye sight. She said that a pilot has great responsibility and one must not be afraid of heights. =.=
Well, actually, from then, I knew that my dream and ambition is to be a pilot and not a driver? =DWhen I grew a little older, I told myself that dreams are meant to be achieved. But then, the problem was not when to start realizing it, but rather, how to start realizing my ambition. Thankfully, with my parents? mental support and encouragement, I am able to gather my courage, and they inspired me to take the big leap, to start blogging and writing how much and why I want to be a pilot.
Ok, here comes the question WHY I would choose Pilot as a career?
When I was young, I would always bug my parents to bring me to somewhere in a plane but they would just say, ?Boy, its just nothing la? Being in a plane is just like in a car?You?ll get to be in a plane someday but not today k?For now, study hard and get good grades?Then in the future, you?ll be able to fly as much as you want and at that moment, flight would just be like a norm in your life.?
=.=
I am actually very amazed whenever I get the chance to visit the airport. Looking at people of all ages and different background working together, sending off and welcoming planes entering the runway. I know that the airline industry is not only about the pilot alone to fly the plane, but everyone else from the management office to the ground crew. Physics and mathematical laws made flying possible, but it is the dream and passion that drives, or should I say, fly people around. That is why I want to be a pilot.
It is men above all machines, however behind it, faith and interest above all men.
As much as I wanted to be a pilot, I was only able to be in a plane when I was in form 3. I can still re-call the moment when I stepped into the plane and I went WAO. My first flight, as a passenger of course, in my life was from KLIA to Kuching with Air Asia. To others, it was nothing, but to me, it was like a dream come true (part of the dream actually), a day to be noted and to be remembered, to be able to fly in an aircraft. Although I was only 15, I wished so hard that I was able to just be in the cockpit, having the yoke in my hands and see the plane taking off from the pilot?s view. The flight was about 45 minutes, but at then, it was the best 45 minutes as for the first time in my life, I was able to see the fluffy clouds right below the plane, and seeing all the cars which were so tiny on the ground. From then, I realize that flying is and will be my thing.
Since the early secondary school, I have always been actively participating in class as well as co-curricular activity such as camps as well as various leadership camps. As I am very adventurous and adaptive to the environment, I find that my dream of becoming a pilot fits perfectly into my character. With the support from my family members, they would always encourage me to find any available opportunity for myself to join an airline and to be their cadet pilot.
You might now ask, ?If they support you, why didn?t they send you to any flying academy to pursue your dreams??
Well, then the answer would be due to the financial issue. The course to get the ATPL and CPL is very costly and it will be very unfair for my sibling if my parents are to spend that big sum of money on me.
Although financial is the only thing that is putting the barrier between me and flying, but it will not stop me from getting there. Passion drives me around, and faith enables me to fly. With the undying faith and passion, I will be able to be a pilot one day. But now, with the blogging competition, I will be able to get rid of the barrier, and enabling me to see clearly into my dream. It is just a click away.
It is definitely tough and there are lots of difficulties in order to achieve one?s dream, but I will not give up. Giving up the hope and dream of becoming a pilot would only means giving up the happiness in my life, and giving up on myself. Dreams are meant to be achieved and not only to be hoped for. There are times when the going gets tough; hope seems to be shattered and dreams seems to be getting far away. But I do believe, I do have faith as I know that with great determination comes great success. It has been my ambition when I was young and as I go through difficulties in life, I would only see myself getting closer to becoming what I really want to be. The competition is strong and tough, but I will not give up on what I promised myself. There are lots of people out there fighting for their lives daily, so who am I to choose not to fight for my dream and to give up? I have faith, I have courage, I am determined. I am prepared to go beyond whatever it takes to BE A PILOT. I will not sit and wait, but I will take the chance!
Why me?
P = Perfect candidate
I = Intelligent
L = Leadership skills
O = Open minded
T = TalentedIf I am able to be a high flyer and having Pilot as my full time career, I am not only blessed with the opportunity of travelling from places to places while working, but as well to be able to serve my people, my corporation as well as to make my nation proud. From joining Air Asia, I would be able to be part of the fast growing airline in the region as well as a huge corporation that is well known locally and globally.
Other than that, a career as a pilot would be an ideal job for me as I am into a unique life styles and not having to work on a daily routine of 9 to 5. As of my understanding, pilot have trainings every once in awhile as well as duty to be carried out. These would definitely be a thing which I am capable of doing as well as interested in. I would really hope that one day, I would stop having the thought of ?wanting it? but instead, ?having it?!!!If got selected,
P = Pleasingly Proud
I = Interesting & Impressive
L = Laughters & Loving it
O = On cloud nine & Overjoyed
T = Thankful & Take it
This is very touching real story. Friend, go all the day! The sky is yours! :D
Policy Updates – PayPal (For Malaysian)
Beginning 14 October 2009, the PayPal User Agreement, Payments policy and buyer protection policy will be modified to include several new currencies as holding currencies and add additional withdrawal countries and the related fees and charges have been modified to include these new currencies. New currencies include: Philipino Peso, Taiwanese Dollar, Thai Baht, Malaysian Ringgit, Argentinean Peso, and Brazilian Reais. Bank account withdrawal countries being added include Vietnam, Malaysia, Argentina, and Brasil. Several of these currencies are restricted currencies and not all PayPal features will be available with regards to a restricted currency and not all customers will have access to restricted currencies.
In addition, for Malaysian resident customers, PayPal has made specific modifications to the User Agreement as required by Bank Negara Malaysia regarding your rights as consumers in Malaysia accessing the PayPal services.
The governing law section of the User Agreement applicable to Malaysian residents has been modified as follows:
“For Malaysian residents who register for the PayPal service with a Malaysian address, this Agreement is governed by and interpreted under the laws of Malaysia as such laws are applied to agreements entered into and to be performed entirely within Malaysia.”
In addition, PayPal is required as a designated payment instrument under Malaysian law to provide the following useful information to Malaysians:
Malaysian customers of PayPal can contact BNMLINK and BNMTELELINK for information, inquiries or redress in the areas of conventional and Islamic banking, insurance and takaful, advisory services for small and medium enterprises, foreign exchange administration and other matters under Bank Negara Malaysia’s jurisdiction.
The contact details for BNMTELELINK are:
BNMTELELINK
Jabatan Komunikasi Korporat
Bank Negara Malaysia
P.O.Box 10922
50929 Kuala LumpurTel: 1-300-88-5465 (LINK)
Fax: 03-2174 1515
E-mail: bnmtelelink@bnm.gov.my
BNMLINK and BNMTELELINK operating hours are from:
Monday – Friday, 9.00 a.m. – 5.00 p.m.
Mobile or not, we’re just trying to make you happy « Koi Fusion PDX | Korean Oregon Infusion BBQ
21th 2nd –> 31st: 21th 02nd –>
KOi Fusion is super grateful to you, our customers and readers, and to the strong cart scene both here in Portland and beyond. We here at KOi appreciate all your support, and we try our best every day to bring scrumptious K-treats to a street near you. KOi Fusion also has a philosophy of sorts, looking at food carts as a positive national movement that benefits diners and cities alike.
That’s why this recent LA Times article rubs us the wrong way. It appears that Los Angeles is cracking down on mobile food cart vendors (AKA our food cart homies) in some dubious ways. According to the article:
“Some drivers said they were cited for minimal violations such as parking too close to the curb, or parking too far away. Others said they were ordered to pack up and leave.
Police officials said the crackdown Wednesday was part of a one-day operation to clear the area of illegal vendors.”
So now you’re thinking, “KOi peeps, have you inhaled too many grill fumes? Of course we don’t want illegal vendors serving us food!” But the real problem came from one of the officers quoted in the article:
“Restaurants complain because the lunch trucks are taking their business, and they don’t have [proper] permits.”
KOi’s view? Food carts don’t “take” business from non-mobile eating locals any more than the stationary folk “take” from us. We know you’re making choices based on the food factors that are most important to you – whether it’s local, convenience of location, price, or degree of deliciousness. All we (and our food cart brethren) are out to do is meet your wants the best we know how.
Picture courtesy of a Miracle Mile customer’s blog post on the issue – click on the pic to read it!
This also means we know you can’t eat KOi 24/7/365 (oh that it could be so…but we digress). You’re going to support other food vendors, and we think that’s great! A strong dining scene, from high end fancy places to food carts, makes a stronger economy overall. Portland has one of the most diverse food scenes you’ll ever come across, and we want to keep the community hopping as much as anybody. The cool thing is that YOU – not the cops and certainly not us or other vendors – get to decide what to support and what to eat. It’s all about consumer choice.
So, for the record, we want you all to know that KOi Fusion supports our mobile vendor peeps in LA. They create jobs, start independently owned businesses, and bring positive and active uses to somewhat stale and empty parts of the city. Food cart vendors also provide good food that is affordable to just about everyone. The City of Los Angeles should take note.
What do you think about the role of food carts in the PDX economy? Leave a comment and let us know!
comment
I believe that food carts, such as Koi Fusion, are legitimate businesses and are a welcome addition to the diverse food scene that Portland has to offer.
Not only do carts offer a quick, affordable and delicious dining option for people on the go, they offer a more affordable way for entrepreneurs to enter into the restaurant business without the costs of maintaining a permanent storefront.
It is my opinion that in these touch economic times, both diners and owners of food carts around PDX appreciate the fact that these carts are able to be sustainable businesses.
Restaurant owners that believe these carts are stealing their business should realize that people will never stop going to sit-down establishments as long as these places offer good quality food and service. Perhaps those that are complaining could learn from places like Koi Fusion, which consistently satisfies customers (myself included) with great food and friendly service.
There is no reason that these dining options cannot coexist.
Josh W ( August 31, 2009 at 12:41 pm )When I’m craving K-Tacos, I go to Twitter and see where you’re at. In other words, when I want you, I hunt you down and eat you. If you’re too far away, I wait another day. Ain’t taking business away from nobody but you when you’re on the other side of town.
I used to live in LA and I would welcome any truck that came along. The best tacos came off of trucks or tiny shacks all over the city. If a restaurant in Los Angeles is losing business, it’s because they are not serving what the people want. Plain and simple.
hungry hunter ( September 2, 2009 at 12:44 am )I remember hearing about this from the Tom Leykis show last year, before he was pulled from the airwaves. He was gonna have a taco cart fest to bring all the vendors together. If I remember right, the head permanent resteraunt that headed the complaint is now a chain taco place that started out as a taco cart.
Lendog ( September 4, 2009 at 11:48 am )food carts are a source of revenue for small business owners. It’s a capitalist market for a reason. Restaurants cannot produce a quality product for a 30min lunch break. Local employees, students and tourists want something quick and nourishing. At a price level, restaurant and food cart vendors vary from $5 -$7 for food carts compared to the $6 – $12 lunch prices at most restaurants. I’ve tried my best during lunch hour to get a quick meal and food carts provide the solution. Why not boycott Subway for driving local deli stores out of business? Shut down all the McDonalds and Taco Bells and any other “convenient food” option. It all comes down to the personal preferences of the customers. Each month many food cartrepreneurs go out of business. The same stress and challenges are a common factor for both groups. Why point the finger at food carts taking a “piece” of the market? I’ve meet a food cart owner in downtown Vancouver, Washington (first friday). He was laid off from HP as an engineer. Now he sells fish tacos to support himself. There’s an underlying problem that needs to be discussed. Obviously restaurants need to make money to pay employees, food costs, rent, etc. but that’s the risk you take for investing a substantial amount of money into a business industry that has a high failure rate. Food carts have limitation in hours and don’t usually serve alcoholic beverages. Restaurants serve that purpose to wine and dine customers during dinner and weekends. Some food carts stay open late at night to serve the club scene. Restaurants aren’t open that late (exception Le Montage, 24 HotCake House and Voleur) but even with a few restaurants being open late, decent food is in demand and those who can provide will profit. What restaurant is serving k-tacos? None that I’ve seen. It all comes down to freedom of choice. The blame can be passed around all day, but the food carts multiplied in Portland for a reason, freedom of choice. We can choose what we want to eat. Some restaurants don’t get that. They should spend more time creating a strategy to serve the busy lunch hour crowds. Don’t they have better equipment and MORE space? save the tears and get to work. Food is the main focus here and there are many food carts and restaurants that have average food.
Johnny ( September 30, 2009 at 10:35 pm )Please Leave a Reply
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