Wednesday, 6 July 2022

Japanese beer giant Kirin, linked to Australian brewers, cuts ties with Myanmar junta in what activists call an 'irresponsible exit'

 Japanese beer giant Kirin has signalled it will make good on a promise to disentangle its business from the Myanmar junta after a military coup last year.

But critics say the way the company plans to withdraw from the conflict-riddled country — a share buyback scheme — is an "irresponsible exit".

Kirin is the parent company of Lion, which boasts Australian brews including Tooheys, Furphy, XXXX, Little Creatures, James Squire, James Boag, Hahn and White Rabbit, among others.

The Myanmar military overthrew the elected government of Aung San Suu Kyi on February 1 last year, imprisoning senior members of the government, as well as Australian economist Sean Turnell.

Read More: https://www.abc.net.au/news/2022-07-06/kirin-parent-company-lion-australian-beers-exit-myanmar-junta/101207526




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