Beam Suntory to Step on the Gas

Dear Client:In order to pay down debt from the $16 billion acquisition of Beam Inc., and gain ground on Diageo and Pernod Ricard, Suntory Holdings intends to grow the Beam Suntory business from its current $4.6 billion in sales to $10 billion by 2020.Suntory president Nobutada Saji also revealed at a news conference in Tokyo that Beam Suntory may have to make more acquisitions to reach the lofty goal. But the company is not currently working on any deals, nor