The juice company says it will retain the Charlie's and Phoenix brands.
The Japanese brewer says the vendors produced misleading accounts that overvalued Independent Liquor.
"This is more like a case of Asahi failing to conduct 'due diligence' on the potential purchase before committing themselves, and now are crying foul."
The Japanese brewer Asahi has won priority negotiation rights to purchase the Auckland liquor company from its private equity firms owners.
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