"In a challenging global economy, today's result stands as a reminder of the continuing strength of Foster's.
"The Australian beer, cider and spirits business, now known as Carlton & United Breweries, returned an excellent result.
"Australian beer volumes were up in a good domestic market and we continue to leverage our leading innovation program for strong earnings growth.
"Wine Review related initiatives are on track and there is an extraordinary amount of activity underway. However the wine category is bearing the full brunt of a lack of consumer confidence brought on by global economic conditions.
"Wine returns are not where we want them to be, but it remains a profitable business, producing exceptional quality wines and continues to generate solid cash flows.
"Overall, our brands are in very good shape, holding their own in a tough consumer environment.
"Foster's took write downs today of $397.6 million associated with the Transformation Program, well within the range forecast in February.
"Foster's balance sheet is strong, we have conservative gearing, good cash reserves and substantial committed undrawn bank facilities.
"Foster's business strength, change momentum and strong brand health give me the confidence that the business is in good shape now, and that better is to come." [...more]
Foster's Wine Estates has announced the appointment of Mike Holden to the position of Senior Vice President of Sales. In this role, he will lead a team that is responsible for all US sales activities of Foster's fine wine portfolio. [...more]
It comes in a champagne-style bottle, is best drunk from a wine glass, and costs $70 a bottle.
It's in the Queen's cellar; and the maker says it has traces of vanilla and curry leaf, with hints of honey and passionfruit. [...more]
Australian agents Landmark have commenced a national advertising campaign for 31 vineyards and two wineries owned by Foster’s Group Limited.
Landmark has a team of agribusiness real estate specialists seeking potential buyers, according to Landmark’s General Manager Client Services, David Johnson. [...more]
FOSTER'S is considering launching a low-carbohydrate version of Victoria Bitter to revive the fortunes of the country's best-selling beer.
The industry has seen meteoric growth in demand for beers with lower carbohydrates as men become more health conscious. [...more]
Foster's Group Limited (Foster's) announced on Friday the appointment of David Dearie to the role of Managing Director, Australasian Wine. David will lead the Australian and New Zealand wine business created as a result of the Wine Strategic Review completed in February this year. [...more]
Primary Purpose of Role:
This is a full-time regular role with an expected duration of 18 months; this role will be accountable for the training, mentoring and supporting of facility personnel to accomplish the risk assessment process in a manner that meets expectations and is sustainable.
Very few companies have a portfolio of wines or a vibrant wine culture like Foster’s. We are shaping our wine business for the future and are looking for a select few, who have a passion for wine equal to ours, to join our team in Victoria.
We produce, market and distribute an unrivalled portfolio of wines including our market leaders Penfolds, Wolf Blass, Rosemount and Lindemans as well as our more boutique brands including Coldstream Hills, T’Gallant, Leo Buring, Secret Stone and Heemskerk.
We are currently seeking a high achieving influential Manager with outstanding coaching and sales leadership capabilities to join our Victoria/Tasmania Sales team in the role of Regional Manager - Sales Excellence at our Southbank office.
Sales Excellence is an innovative business effectiveness initiative that a). delivers growth to the business through continuous improvement in sales techniques, tools and processes, and b). builds a high performance sales culture and sales organisation capability.
Join us as a Senior Account Manager - Foodstuffs Auckland. This is an exciting and challenging role for someone with existing Key Account and FMCG experience demonstrating strong commercial and financial acumen. [...more]
This key leadership role will lead the sales team to deliver the agreed annual CUB business objectives for the SA and NT region. As a focal point for strategic and tactical customer interaction, you will respond to challenges proactively, whilst providing direction on the management of local customers, including the oversight of key accounts within the region. A leader in driving cultural change and fostering high performance culture, you will also promote collaboration across Sales and relevant functions (customer/consumer marketing, supply chain etc.) to ensure optimum deployment of resources and talents in delivering superior service to our customers. [...more]
PURPOSE OF ROLE:
Responsible for achieving distribution and growth objectives for Foster’s Wine Estates Americas brands by driving state-specific distributor execution, and through effective key account management. Responsible for one or more states. [...more]
Consumer Products company is looking for an experienced Category Manager for products to be sold in Retail space [...more]