Fosters to separate wine from beer
by Chris Scott
Thursday, May 27, 2010

Australian drinks company Foster's has announced it will separate its wine business from its beer business over the next 12 months to give the newly-formed businesses the flexibility to develop their own strategies and policies. CEO Ian Johnston said they were increasingly seeing the benefits of operating separately and the two businesses operated in separate market segments with different strategic and operating characteristics. The timing of the demerger has yet to be decided but is unlikely to be completed until the end of the first half of 2011 at the earliest.