Blog: Olly WehringEconomy fosters attitude to wine

Olly Wehring | 24 February 2009

Months of feverish speculation were brought to an end last week as Foster's informed the world that it would, after all, hang on to its wine business.

Well, at least, that's partially true. In fact, Foster's plans to shave significant amounts of fat off its wine arm, with 37 brands and more than 30 "non-core vineyards" heading for the chop. And, while speculation about a sell-off was hushed , it was far from silenced.

Foster's chairman David Crawford, who led the strategic review on the wine business, quite openly admitted that "a poor financial climate" means it is "not the appropriate time to sell". The wine division is also to be "structurally separated" from beer and spirits.

So, perhaps the door is not entirely closed. A streamlined wine business, including the Penfolds and Lindemans brands, would likely be a more attractive proposition.

The firm's move may yet also prove a blueprint for the entire Australian wine industry, which is facing tough choices on how to marry supply and demand going forward.


BLOG

Heineken brings commercial know-how to new recruitment drive

Heineken is known for its flashy adverts. Now the brewer has given the star treatment to a new recruitment drive with a glamorous and highly-persuasive ad that, quite frankly, had the staff here at...

BLOG

Queues are forming for latest (Jim Beam) Apple product

Move over iPhone 7 headphones-gate, there is a new Apple product causing a stir. Or a shake. Or just a shot....

BLOG

Bacardi's ice cube of information

I was full of questions yesterday when reading our news story about Bacardi's Martini Smart Cube. An ice cube-shaped device that can provide real-time information about its consumer? How? What? Why? H...

BLOG

Ardbeg's US$16,000 camping trip

News reaches us today of what has been heralded as the "world's most daring whisky challenge". The Ultimate Ardbeg ARDventurer has been launched this week with an inaugural three-day camping trip....

just-drinks homepage



Forgot your password?