Australian brewer and winemaker Foster's Group has set up an internal review team to look at its lager division, it was reported today.

The Australian Financial Review reported that the drinks giant was looking to the team to conduct a major overhaul of its lager business, with the aim of improving profit growth and boosting global market share.

Foster's Brewing International managing director Rick Scully was quoted saying that the group wished to see Foster's Lager move into the top five global premium beer brands.