Market intelligence, trend analysis and forecasts for the Food and Drink industries across the regions

Companies / Australia

Respite For Foster's As US Tops Up Its Glass

January 2009 | Company Finance Alert

The ailing wine unit of Australian alcoholic drinks major Foster's Group has received a fillip on news that sales of its wines in US grocery stores increased by 5% in the last quarter of 2008. Set against a backdrop of declining Australian wine sales in the important US market, the news could pique the interest of buyers as Foster's nears the end of a lengthy strategic view of its underperforming wine

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