Foster's Wine Woes Topped Up

With the much-anticipated review of operations due in mid-February, observers have warned that Australian alcoholic drinks major Foster's Group could yet need to write-down a further AUD700mn (US$466.9mn) on the value of its struggling wine business. While Australian dollar depreciation has benefited the company, the expectation of further write-downs only piles more woe on the company as it readies itself for an anticipated

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