Foster's to sell off wine houses

By staff reporter

- Last updated on GMT

Related tags: Chardonnay, Languedoc-roussillon

Australian beer and wine group Foster's has said it will sell off
one French and two Australian wineries as part of its plan to
integrate the Southcorp wine business.

Foster's announced it would sell off its Rosemount Denman and Seppeltsfield wineries in Australia, as well as its Domaine La Motte in France's southerly Languedoc Roussillon region. Surplus production facilities will also go from the Penfolds Nuriootpa winery in Australia.

The moves are part of Foster's consolidation strategy, following its buyout of Australian wine firm Southcorp last year.

"Over the last 12 months we have transformed Foster's into one of the world's leading premium wine producers"​ said Jamie Odell, managing director of Foster's Wine Estates.

"The sale of these facilities will allow us to consolidate winemaking at our most technologically advanced, flexible and efficient facilities."

Foster's added it would also look to sell its James Herrick wine brand, made at the Domaine La Motte, in order to focus on creating its 'brand Australia' wine selection. The Penfolds, Rosemount, and Seppelt brands will be kept.

Australian wine brands in the crucial mid-priced bracket have generally performed better than rivals from France in the fast-growing UK market over the last couple of years.

Related topics: Beer, Wine, Spirits, Cider

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