Blog: Japanese net closing on Australia
Chris Mercer | 27 August 2010
Japan's drinks giants are feasting on Australia's drinks sector. Could Foster's be next on the menu?
Asahi's deal to acquire P&N Beverages propels the firm into a strong second place on Australia's soft drinks market - as discussed by us on just-drinks yesterday.
Its move underlines that Japan's trio of Kirin, Suntory and Asahi view Australia as a key part of their growth strategy. Kirin owns Lion Nathan and National Foods, having since merged these two business together, while Suntory has bought the Frucor soft drinks business.
Foster's Group is one of few remaining fruits on the tree. It's hard to argue against a Japanese buyer of Foster's beer division going on the evidence of the past 18 months.
The Coca-Cola Co has had its fair share of critics this year, from health campaigners to investor David Winters, who this week called for CEO Muhtar Kent to be replaced....
The UK health lobby is always very vocal on alcohol at this time of year, predictably so, and this year is no different. ...
“Ah, yes, you've hit upon a very sensitive area,” says Thomas, my guide at the Carlsberg Brewery in Copenhagen last Friday....
Experimentation has long been a watchword in the Scotch whisky industry. It is what has given consumers the huge range of ageing options, from refill hogsheads to virgin oak to Sherry butts....
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