Kirin to boost investment in B9 Beverages

Japan’s Kirin Holdings will invest 25 million USD in B9 Beverages; the producer of Bira 91 beer brand and the owner of the pub chain Beer Cafe. The Japan’s beer giant’s investment plan came after its stronger than expected results in 2023. For 2024, Kirin forecasts its profits to rise 6.4 percent.

In November 2022, Bira 91 raised $70 million in Series D funding, led by Kirin Holdings. Kirin first invested $30 million in Bira for an under 10 percent stake, in 2021.