Foster's shareholders confirm wine and beer demerger

29 April, 2011

Shareholders in Australia’s Foster’s Group have approved the protracted demerger of its wine and beer businesses.

The move will see Treasury Wine Estates become a separate company trading on the Australian Securities Exchange on May 10, subject to clearance by the Supreme Court of Victoria six days before.

The demerger has been in the pipeline since last year and will see Foster’s lager and other beer brands operate under a separate company.

A UK-based Treasury Wine Estates EMEA has already taken over responsibility for sales of wine brands including Rosemount, Lindemans and Wolf Blass.

The deal will not affect Foster’s lager in the UK, where it is marketed by Heineken UK.




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Looking back to look forward

Wine is a liquid time capsule. Drinking older vintages not only recalls the weather conditions and winemaking styles of the past, it encourages us to reflect upon our own histories. Such reminiscence often inclines towards romanticised nostalgia. Especially after the second bottle. But looking back is a great way of learning about the future.

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