Kirin to Buy Fancl For $1.4 Billion in Shift Away From Beer
- Brewer already holds 33% of Fancl shares; paying 43% premium
- Deal follows acquisition of vitamins brand Blackmores in 2023
A FANCL store in Hong Kong.
Photographer: SOPA Images/LightRocketThis article is for subscribers only.
Kirin Holdings Co. will acquire Japanese skincare and cosmetics brand Fancl for around ¥220 billion ($1.39 billion) as part of an effort to reduce its reliance on beer.
The Japanese brew made an offer of ¥2,690 per share — a 40% premium on Fancl’s closing price of ¥1,916.5 on Tuesday, the day before the proposal was made — to acquire the two-thirds of shares that it doesn’t already own. It’s a 43% premium on Fancl’s Thursday closing price.