Beer (& More) In Food

Beer: The Condiment With An Attitude!

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.

Heineken and SABMiller have been touted as potential suitors. SAB declined to comment to just-drinks today, while a Heineken spokesperson was unavailable.

My money’s on SAB.

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One Response to “SABMiller (MillerCoors) Eyes Foster’s”

  1. Curiously it has been Molson Coors who’ve taken a 5 percent holding in Foster’s in the last week. See my discussion of this here: http://internationalbs.wordpress.com/2008/11/16/2008-isnt-a-very-good-beer/

    And today Foster’s’ main (some would say only) competitor in the Australian market Lion Nathan has been put on a trading halt, with rumours flying that they may be about to announce some hookup with Coca Cola Amatil (the bottler/distributor for that black fizzy stuff down under). Coca Cola Amatil currently has a joint venture with SAB Miller distributing Peroni and Miller in Australia (plus a local craft beer). And Lion Nathan itself is 46 percent owned by Japan’s Kirin.

    What a complex web that has been weaved…

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