The Full Federal Court of Australia delivered judgment in favour of Foster’s on appeals by the Australian Commissioner of Taxation in relation to disputed tax assessments relating to the financing of the Elders Finance Group in the 1980s and 1990s, the company said on Thursday. (more…)
Foster’s Group Limited has been notified of a potential A$39.5 million claim under an indemnity provided to SABMiller Group in relation to Foster’s former brewing business in India now owned by SABMiller, the company said on Wednesday. (more…)
Foster’s Group Limited (Foster’s) has now completed the dispatch to shareholders of the Demerger Booklet relating to the Demerger of Treasury Wine Estates Limited, the company announced on Wednesday. (more…)
Australia’s two major grocers are ”drunk on market power” according to Senator Nick Xenophon, responding to revelations that brewer Foster’s halted shipments when it learned of big supermarkets’ plans to sell slabs of beer below cost. (more…)
SABMiller Plc, the world’s second- largest brewer by volume, may need to include its Australian partner Coca-Cola Amatil Ltd. or negotiate a buyout of their venture if it bids for Foster’s Group Ltd. (more…)
SABMiller Plc, which walked away from last year’s biggest beer acquisition, faces the prospect of paying the most ever for Foster’s Group Ltd. as it tries to boost profitability. (more…)
An agreement in principle between SABMiller and Coca-Cola Amatil to dissolve their local beer joint venture pending a takeover bid by SABMiller for Foster’s Group has turned speculation to the next chapter in the bust-up of the country’s biggest beer and wine group. (more…)
Australia’s SME beer companies have shrugged off suggestions from Foster’s Group that cooler weather conditions have affected beer sales, saying changing consumer preferences are turning customers towards boutique brewers and away from the majors. (more…)
Foster’s Group has blamed falling beer sales and the strength of the Australian dollar for a drop in its half-year profit. (more…)
Foster’s Group (FGL.AX), Australia’s largest brewer, pushed ahead on Tuesday with plans to split its beer and wine businesses, but it risked dampening bidder appetite for either unit by also reporting soft first-half profits. (more…)
