SABMiller (MillerCoors) Eyes Foster’s
Posted by Bob Skilnik on September 30, 2008
Speculation grew today (26 September) that Foster’s could be broken up, following a strategic review of its troubled wine business.
One industry source told just-drinks today that a de-merger of Foster’s’ beer and wine divisions looked likely. “They pretty much hoisted the ‘for sale’ flag over the business by announcing a strategic review [of the wine business].”
The source said that there would be “a large number of people in the industry” interested in the Foster’s beer division.
My money’s on SAB.