Former Treasury Wine Estates boss David Dearie warns that Australian retailers Coles and Woolworths are turning the screw on the nation’s wine producers and insists the latter must consolidate to survive.
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
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...