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]
PREMIER John Brumby has hailed the appointment of Christine Nixon to the Foster's board as a positive step towards gender equality.
Global beverages group Foster's Group Ltd has appointed the former chief commissioner of Victoria Police to the board as a non-executive director.
"I think it's great to see more women on boards," Mr Brumby said.
"One of the problems we have got with boards is there's hardly any women on them at the major companies around Australia.
"Frankly, Australia is way behind the rest of the world.
"She is a distinguished woman with a great career, her performance in terms of bushfire recovery has been exemplary, her performance as the chief commissioner was exemplary, so she's a great appointment.
"In terms of alcohol, she's got strong views," Mr Brumby added. "You saw those when she was chief commissioner and I'm sure she will express those views on the board of Foster's."
The appointment is effective from today. [...more]
There are concerns for the market share held by Foster's Group Ltd as beverage analysts see the penetration of Lion Nathan's Boag's brand increasing in popularity, in direct competition with Foster's Victoria Bitter, according to The Age.
Goldman Sachs JBWere analyst Ian Abbott said that if Boag's market penetration continues, it could hurt Foster's national market share and cost the wine and beer group about $100 million in revenue and $40 million in pre-tax earnings. [...more]
Foster's EMEA has launched two wines exclusively for the on-trade under its Rosemount label.
The Australian wine producer is pitching its new Rosemount Signature Collection at the house wine market.
"Research shows consumers are price-sensitive when drinking out of home and turning to house-style wines for price and quality," said UK and Ireland Foster's commercial director Neil Barker.
"We developed Rosemount Signature Collection to compete on price, but it also offers consumers the quality and brand guarantees not associated with house wines." [...more]
Foster's Group and Grupo Modelo have extended the partnership that they have held for the past 22 years to sell and market Corona Extra in Australia.
Corona Extra is brewed by Grupo Modelo and is Mexico's leading exported beer.
The beverage is the seventh largest beer brand by value in the Australian market, according to the Foster's Group.
Carlton and United Breweries (CUB) distribute many beer brands in Australia, including Corona Extra. [...more]
Global beverages firm Fosters Group Ltd and Grupo Modelo, brewer of Mexico's export beer Corona Extra, have extended an exclusive license for Foster's to sell and market Corona Extra in Australia.
Foster's said Corona Extra was Australia's number one premium imported beer and the seventh largest beer brand by value in the Australian market. [...more]
Foster's Group has announced the appointment of John Pollaers to the role of managing director, Carlton and United Breweries, reporting to the CEO, Ian Johnston. Pollaers will commence in the role on 7 April 2010.
He has experience in the alcohol beverages industry across Australia, Asia Pacific and Europe.
His most recent role was president, Asia Pacific with Diageo, based in Singapore and working across 17 regional markets including China, India, Korea, Japan, South East Asia and Australasia. Pollaers was also a member of the Diageo Global Executive Committee. [...more]
Foster's Group has announced that Alex Stevens, managing director of the company's Carlton and United Breweries (CUB) unit has resigned because of ill health.
Foster's chief executive officer Ian Johnston said the company was very sorry that Mr Stevens was having to leave and that they wish him the best for the future.
"In Alex's short time at Foster's, a lot has been achieved", he added.
Mr Johnston explained that the company's beer, cider and spirits sales team had been separated from wine and the newly renamed CUB business unit had been re-launched. [...more]
Oversupply, weak consumer spending and unfavourable currency rates mean that Foster's Group wine business is still performing below expectations, the Australian firm has warned.
Foster's expects to take a hit of between AUS$80m (US$71m) and $90m on its half-year wine earnings due to currency, the group said in a trading update today (18 December).
Overall wine sales and earnings in the six months to the end of December will be below expectation, Foster's warned.
The weak performance comes in spite of the group's efforts to restructure its wine arm, which have included installing a new management team in the Americas and a plan to sell off more than 30 non-core vineyards and brands.
"The new management team in Americas is implementing the new strategy, however prevailing recessionary conditions remain challenging and are resulting in lower volume and net sales revenue," said Foster's.
It added that oversupply has hit sales in Australia and New Zealand. Tough conditions on the domestic wine market have overshadowed an in-line performance for the firm's separate beer business, Carlton &United Breweries. [...more]
AUSTRALIA's top brands took a hammering in the global financial crisis, with the value of some of the best-known names, such as Qantas and Foster's Group, plummeting.
More than $700 million was wiped off the airline's brand, according to a study by Brand Finance Australia.
Qantas, which includes Jetstar, fell out of the top 10 to No. 12, shedding 27 per cent in value in the year to the end of September.
Had it not been for its budget carrier's performance the picture would have been worse, said Brand Finance managing director Tim Heberden.
In the same period, Foster's fell four places to No. 5 and saw the value of its brands, which include VB, fall by nearly 14 per cent, as its struggling wine division held back its performance.
Woolworths rose one place to head the list. Westpac rose from eighth to No. 2 off the back of the St George merger, while Wesfarmers shot up from No. 48 to sixth place following the acquisition of Coles. [...more]
A short introduction to the Drinks Industry's Professional & Social Network - InDrinks.
To join InDrinks you need to be a member of LinkedIn. You can join the group here: [...more]
Foster's Group Limited (Foster's) today announced the appointment of Paul Conroy to the role of Chief Legal Officer & Company Secretary.
Paul will lead, direct and administer the global Commercial, Legal and Compliance activities to enable effective Board compliance reporting and elimination or reduction of operational and business risk. His role contributes to effective Board decision making, driving enhanced company performance and the delivery of strategic objectives. [...more]