Blog: Did Cerberus Capital bid for Foster's Group wine?
Chris Mercer | 8 September 2010
US private equity firm Cerberus Capital Management has been touted as the mystery bidder for Foster's Group's wine arm, Treasury Wine Estates.
A report posted on the Wall Street Journal website today (8 September) names Cerberus Capital as the likely source of the AUD2.7bn bid for Treasury Wine Estates. The report did not cite sources.
Foster's has rejected the bid, as I'm sure you'll be aware, although the group could certainly play the development to its advantage.
Cerberus Capital was unable to immediately comment when contacted by just-drinks today. The move would mark a significant detour for a private equity company that has thus far made its name in transport-related acquisitions covering aviation and Chrysler cars.
In terms of food and drink, the group's only real claim to fame is as a franchisee of Burger King and owner of convenience stores in the UK and US.
Not that Foster's would have necessarily minded. Any interest in Treasury Wine Estates will further its cause.
A couple of months ago, US-based Saltwater Brewery developed 'edible six-pack rings' in an effort to curb threats to wildlife....
Last month, SPI Group unveiled its latest advert for Stolichnaya in the US. Its an amusing little number that caries the instruction: Drink what you want. The “I am man” ad looks to distance Millennia...
Who do you work for? I ask, merely to draw your attention to just-drinks’ company pages....
This weekend sees yet another “International Day” for a drinks category. Lucky us. Anyway, ahead of Sunday’s International Cachaça Day, here’s a wealth of information on Brazil’s national spirit, cour...
- Can craft breweries compete in lager arena?
- A Wild Geese, Pernod Ricard conspiracy theory?
- The Coca-Cola Co's Q2/H1 2016 results - Preview
- Wine consumption and its health effects
- SABMiller's Q1 sales performance by region - Focus
- AB InBev seeks single buyer for European beers
- Diageo appoints new Smirnoff head
- Diageo names new TR head as Doug Bagley exits
- Gruppo Campari trials Negroni pre-mix
- Scotch drop hits Edrington as FY profits fall
- Adultifying Soft Drinks; Capitalizing on rising adult demand for non-alcoholic beverages
- Global RTD insights - market forecasts, product innovation and consumer trends
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends
- Global travel retail insights - market forecasts, product innovation and consumer trends
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends