One of Japan’s largest spirits companies is currently in “advanced discussions” to acquire a 10% holding in Arkay Beverages for US$150m, according to the alcohol-free business.
France-based Arkay Beverages made the claim today (17 June) as it announced the opening of an investment round, seeking to raise $150m at a $1.5bn valuation. Global Drinks Intel has contacted Arkay for further details on the Japanese company in question.
Founded in 2011 by entrepreneur Reynald Vito Grattagliano, Arkay said the potential injection would “provide significant strategic access to the Asian market”. The company said it sold around 10m bottles of its namesake alcohol-free spirit brand last year and has a presence in 35 markets.
The funding would go towards global marketing and brand campaigns, expansion into “key markets” in North America, Europe, the Middle East and Asia, as well as the launch of new product lines, including functional and adaptogenic drinks.
“Our goal is to offer the world a healthier, safer, and smarter way to socialise without compromising on taste or style,” said Grattagliano.
Earlier this year, Suntory, which oversees Suntory Global Spirits as well as its own spirits business in Japan, announced an investment in its gin production capabilities domestically, with almost $43m lined up for the construction of a new distillery in Japan.
