Children are more familiar with alcohol brands such as Foster’s than leading brands of biscuits, crisps, and ice-cream, according to a report from Alcohol Concern in England and Scotland.
SABMiller announcement yesterday that it had agreed the terms of a recommended cash offer for Foster's with that firm's board of around A$9.9bn (€7.42bn) came as no surprise, according to one City analyst.
Foster's today announced that it will immediately remove added
energy and higher alcohol ready to drink (RTD) brands from its
portfolio of goods sold in Australia due to concerns about
irresponsible drinking.
Australian beer and wine group Foster's said it was unaware of any
takeover interest, after shares soared Tuesday amid rumours that
multinational brewers were circling to buy the group.
Australian wine and beer group Foster's will exit the Asian brewing
business with the US$225 million sale of its operations in Vietnam
and India, it announced on Friday.
Australian wine and beer group Foster's has sold its last Chinese
brewery to Japan's Suntory, it revealed today, allowing it to exit
the tough market after 13 years without profits.
Scottish and Newcastle has taken over the Foster's lager brand in
Europe, Turkey and the Russian Federation, after years of producing
the amber nectar in these regions under licence for the Australian
Foster's Group.
SABMiller is in talks to buy Foster's overseas breweries in Asia,
BeverageDaily.com has learnt, as the potential sale offers
brewers a better foothold in one of the world's fastest growing
beer markets.
Foster's has taken a streamlined approach to 'brand Australia' on
the world wine market, announcing two wineries will be sold off as
the firm tries to realise cost-savings from its Southcorp buyout.
Southcorp has said that Foster's A$3.1 billion takeover attempt
today is "inadequate and opportunistic". But, with its beer
business stagnating and the global wine trade consolidating,
Foster's may need to get...
Australian beer giant Foster's has teamed up with Russia's leading
brewer to become the latest contender for riches in the Russian
beer market gold mine, but the competition is strong, writes
Chris Mercer.