Foster's looks to the future

In selling the Foster’s brand in Europe to Scottish & Newcastle, Foster’s Group has put an end to an unsatisfactory licensing deal and taken an important step in the reorganisation of its international beer business. Dean Best looks at where the deal leaves both brewers.

Foster's and S&N tie up loose ends in Europe

12 April 2006

UPDATE: AUS: Foster's "absolutely committed" to flagship brand

11 April 2006

Foster’s Group has said it remains “absolutely committed” to its flagship lager despite selling the full rights to the brand in Europe, Russia and parts of the CIS. The Australian drinks giant announced today (11 April) that it had sold the Foster’s brand outright in those territories to Scottish & Newcastle in a GBP309m (US$538m) deal.

INDIA: UBL dismisses Foster's "talks"

10 April 2006

United Breweries (UBL) has dismissed local press reports suggesting that it was in talks with Foster’s Group over the sale of the Australian company’s brewing assets in India.

Foster’s seeks licence to grow in Asia

31 March 2006

Lacking the capital to expand as it would like, Foster’s Group seems set to sell its Asian brewing operations and seek partners to brew the Foster's brand under licence.