SABMiller finds full-strength returns elusive in Foster’s declining market

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BEER volumes for SABMiller’s Australian arm, the brewer Foster’s, have tanked, falling 13 per cent for the first half as the global beer company suffers from the loss of key brands in its local portfolio, termination of third-party distribution contracts and a tougher line it is taking with retailers over pricing. (more…)

Termination of Corona Extra licence in Australia

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SABMiller’s Australian subsidiary, Foster’s Group Ltd (“Foster’s”), has been informed by Grupo Modelo S.A.B de C.V. that it intends to exercise a change of control provision terminating Foster’s licence to import and distribute Corona Extra in Australia with immediate effect. (more…)

SABMiller’s global beer brands to join CUB portfolio

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Carlton United Brewers (CUB), an Australian brewer owned by Foster’s Group, said five global beer brands of SABMiller will become part of its international beer portfolio with effect from 16 January 2012. (more…)

SABMiller must pay extra A$582M for Foster’s

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SABMiller PLC will have to pay an extra A$582 million as part of its takeover of Foster’s Group Ltd. , after the Australian Taxation Office knocked back the planned structure of the deal. (more…)

A flat tax on alcohol could be a heady prospect for the new owners of Foster’s

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As SABMiller mulls over the many ways it can extract hundreds of millions of dollars in efficiencies from the Foster’s Group – including overhauling its Victorian and NSW breweries – it will have one eye focused on this week’s tax summit to see if a proposal to introduce a flat tax on alcohol gets any oxygen. (more…)

SABMiller keen to foster relationships with retailers

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SABMILLER will work quickly to repair the prickly relationship between Foster’s and its two biggest customers, supermarkets Coles and Woolworths, pushing for a collaborative approach to kick-start stalled growth in the beer category rather than relying on heavy price discounting to drive sales that can prove unprofitable. (more…)