AUSTRALIA: Foster's looks to expand into WA wineries
By Sarah Diston | 31 July 2001
Following its $2.9bn acquisition of Beringer Wine Estates last year, brewing giant Foster's is now keen to play a part in the Western Australia's (WA) Margaret River wine industry. Foster's Group chief executive, Ted Kunkel told Australian press that he has a great respect for Margaret River wines. "We would love to be part of this world in terms of wines, but we think at the moment people have some elevated expectation of values. It's not critical (to be in Margaret River) but it is desirable," he told local press.
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Following its $2.9bn acquisition of Beringer Wine Estates last year, brewing giant Foster's is now keen to play a part in the Western Australia's (WA) Margaret River wine industry. Foster's Group chief executive, Ted Kunkel told Australian press that he has a great respect for Margaret River wines. "We would love to be part of this world in terms of wines, but we think at the moment people have some elevated expectation of values. It's not critical (to be in Margaret River) but it is desirable," he told local press.
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