Blog: Chris MercerJapanese 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.

 


BLOG

The just-drinks Weekly Round-Up

Here's a round-up of the top stories on just-drinks last week, featuring PepsiCo and Coca-Cola Co, Castel, Molson Coors and the cachaca sector....

BLOG

The real stars behind supermarkets' Scotch success

There was a big focus on supermarkets and their Scotch offerings this week when a couple of own-brand malts scooped top awards at the International Wines and Spirits Competition (IWSC)....

BLOG

San Francisco's 21st Amendment breaks ground on new site - video

You can't seem to move at the moment for news of US craft brewers expanding....

BLOG

The just-drinks Weekly Round-Up

Here's a round-up of the top stories on just-drinks last week, featuring Coca-Cola Life, Australian Vintage, Pernod Ricard and BrewDog....

just-drinks homepage



Forgot your password?