Australia. Competition a casualty in beer wars: Xenophon

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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…)

Players manoeuvre with Foster’s in their sights Adele Ferguson

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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…)

Foster’s to cast off wine; beer profit disappoints

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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…)