Fosters Full Year Results • Net profit (pre material items and SGARA) $711.3 million • Earnings per share (pre material items and SGARA) 36.9 cents • Material items loss after tax of $1,162.7 million, SGARA loss after tax of $13.0 million • Net loss (post material items and SGARA) $464.4 million • Operating cash flow [...] [...more]
The ASX delisting effort is not a share buyback and does not have an impact on the company's securities listed on the New York Stock Exchange. Additionally, the delisting process does not impact the company's Australian business operations. [...more]
The Foster’s Wine Business has enjoyed remarkable results at the first wine show of the season – the 2010 Brisbane Wine Show – winning 11 trophies and 29 gold medals, including three trophies for the 2005 Leo Buring Leonay Watervale Riesling, which won Best Mature White Wine, Best Aged Riesling and the Best Wine of [...] [...more]
Matthew Clark is showcasing 150 new wines in its 2010 wine list. The company, which won the Wine List 2009/10 of the Year award at the International Wine Challenge, hopes its 2010/11 list will prove to be even more of a success. The latest list — which includes 1,180 wines from across the globe — has a range of new additions, but with a particular focus on Chile and Italy; two countries that showed the most sales growth in the UK on-trade last year, according to Matthew Clark. [...more]
The UK Chancellor George Osbourne has delivered the Conservative/Liberal Democrat’s first budget, in which he did not increase tax on cigarettes or alcohol. However, VAT is to rise to 20% from 17.5%, from January 4 2011. The trade has welcomed the move not to add more tax to alcohol and cigarettes and this is the [...] [...more]
French wine group Chamarré has collapsed into receivership. Chamarré was placed into receivership on Friday (11 June), according to an announcement to the Paris Stock Exchange. The group’s shares ceased trading last month, following a series of sharp declines stretching back to November last year. Chamarré was set up at the end of 2005 as [...] [...more]
Blossom Hill is injecting £1m in to a summer campaign hinged around its sponsorship of Wimbledon. The marketing initiative is designed to position Blossom Hill Rosé as the wine choice for alfresco summer drinking and dining, according to the company. The campaign, which runs under the umbrella of “Summer Perfectly Served”, will tie in-outlet activities with a combination of print, broadcast and digital advertising, with a Wimbledon ticket giveaway as a key feature. [...more]
TV presenter Georgie Thompson has teamed up with Gallo rosé to “make football fabulous for women” this summer. As part of the campaign Thompson will share tips on how to embrace the World Cup, as well as beauty and style secrets. She has also posed for a series of photographs wearing a gown made from over 100 football shirts. “We are delighted to have Georgie partnering with Gallo rosé this summer,” said spokeswoman Susanne Buchmann. “Her background in football and fabulous style make her the perfect choice. The summer of football is a time when people get together with friends and celebrate in the warmer weather, making it a natural choice for a glass of Gallo rosé.” [...more]
Moët Hennessy’s has launched a pink grapefruit maceration of its Belvedere vodka. Belvedere Pink Grapefruit is distilled from whole pink grapefruits from Argentina and combined with fresh ginger and lemons, No sugars, glycerine or artificial additives are used in the production. The launch of Belvedere Pink Grapefruit is coupled with a collaboration between Belvedere and designer Matthew Williamson, who has designed a limited edition summer kaftan. Inspired by the pink grapefruit flavour, Williamson has created the kaftan from a sheer pink fabric and it will go on sale in his boutiques in London on 26 May. [...more]
The organisers of Vinexpo Asia-Pacific, which claims to be the region’s largest international wine and spirits exhibition, is claiming a 40% increase in visitors to the show which closed yesterday (May 27). Held at the the Hong Kong Convention and Exhibition Centre (HKCEC), approximately 12,000 people are said to have visited over the three days. Occupying more than 8,500 square metres of the HKCEC, there were more than 880 exhibitors from 32 countries around the world, including China, Australia, US, UK, France, Spain, Italy, Portugal, Germany, South Korea, New Zealand, Romania, Bulgaria, Switzerland, Chile and Greece. A number of countries were making their first appearance at exhibition that is in its fourth year. [...more]
Concha y Toro, South America’s leading wine producer, has become the official wine partner of Manchester United Football Club. The company says the agreement aims to raise awareness of Concha y Toro and its brands worldwide, with particular focus on the key markets of Asia, Latin America, Eastern and Northern Europe. The partnership gives Concha y Toro the opportunity to align itself globally with probably the best known football team in the world. Among the benefits for Concha y Toro will be digital board advertising at Old Trafford stadium during home games which are televised around the world, advertising space in the club’s own communications media and co-branded marketing communications. The alliance also allows Concha y Toro to have presence with its wines in the stadium’s lounges, boxes, bars as well as the possibility to invite its VIP customers to team games. [...more]
Two English wines were awarded gold medals at the International Wine Challenge (IWC). Camel Valley’s 2008 Pinot Noir Rosé Brut (£24.95) and Nyetimber’s 2001 Blanc de Blancs (£28.99) both scooped gold medals. With 46 countries entering the competition, there was a 15% increase in the number of wines judged. But the top three gold-winning countries remained the same as 2009 with France in first place with 75 gold medals, then Australia with 65 and Portugal with 35. [...more]
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