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Diving Briefs:
- After the police searched the house as part of the investigation into the purchase of illegal supplements, the police resigned the chief executive of Japanese beverage suntory Holdings.
- Takeshi Niinami CEO claims that he thought his supplement was legal. Suntory said the police’s investigation is still in progress, but Niinami’s “lack of perception” has made him not in charge of the best leadership position.
- Nina, one of Japan’s most famous business leaders, was appointed CEO in 2014 and was appointed chairman of the board of directors in March. He will also give up his role as a chairman, Suntory said.
Dive Insights:
Suntory is one of Japan’s best -known beverage companies with notable products including Jim Beam Whisky and Orangina soft drinks. Niinami supervised BEAM INC for $ 16 billion in 2014.
Recently, Niinami immediately expanded the cocktail to lead the Spirits Giant and helped the company to deploy the company to better respond to the trend, including the injury of non -alcoholic beverages. The company changed its name to Beam Suntory and Suntory Global Spirits in 2024.
Suntory’s mental business struggled as alcohol consumption and expenditure in the United States and Europe dropped sharply. Profit was sprinkled in the first half of 2025, and its operating income decreased by 30% compared to the previous year.
Niinami was also the first CEO other than the company’s founding Torii family. Last year, Suntory nominated Nobuhiro Torii, founder Shinjiro Tori’s great -grandson, and moved to a double management structure to share the control of Ninami and the company.
The company called the report that Niinami was under police investigation on August 22 as a “serious governance problem.” Niinami purchased a product that believes it is a legitimate CBD supplement to local news outlets, but officials investigate whether they contain THC, a mental chemical of cannabis, that Bloomberg said.
According to Japanese law, cannabis is illegal and has a maximum of seven years in prison.
Niinami’s resignation is the latest scandal that shakes the food and beverage industry for the last few days. On Monday, Nestlé fired the CEO after the investigation was found to have not disclosed a direct load.
