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© 2016 AFPSumitomo to buy Europe's top banana giant Fyffes
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© 2016 AFP
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CruisinJapan
Best of luck, Sumitomo. I've seen the likes of the Japanese titans acquiring European/American businesses before, and the relationships are usually pretty icy, and discussions are usually one way orders coming from Tokyo.
Maybe this story will wind up happier than what I am accustomed to. Ganbatte
SenseNotSoCommon
Europe's very own Japan vs Asia syndrome
Rana Sodhi
This fall and early winter, there was only one thing that was reasonably priced in supermarket that was BananasI hope this acquisition doesn't make a monopoly and prices for Bananas don't go up.
SenseNotSoCommon
This shouldn't affect Japan.
As any poor geography student will tell you, Fyffes bananas come from Scotland.
Goodlucktoyou
@sense actually they come from a small village in Wales.
SenseNotSoCommon
Obviously as poor a geography student as me.
Rana Sodhi
@SenseNotSoCommon, But Scotland is a cold place,not suitable to grow tropical fruit like Banana.
SenseNotSoCommon
Obviously not a poor geography student.
Cosmos1
The Japanese domestic market will never see the Fyffes brand in their stores. 4~5 little filipino bananas ¥200, compared to 6 large Fyffe brand for ¥150 in Europe all year round.
kurisupisu
Wait until Sumitomo begin flexing their monopolistic muscles to push up the prices in Europe.....