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

To the morgue for Thai drink drivers

Would the thought of working in a morgue stop you from drink driving? ...

BLOG

Heineken plays 'hard' ball in US cider

You would be forgiven for thinking that the US cider boom is over. Sales growth of as much as 90% in the past few years has shrunk to double figures. ...

BLOG

PepsiCo's Johnston's new Twitter role is hard to Tweet

The drinks industry could do more to benefit from new technology. ...

BLOG

Lessons from the past in PepsiCo heir-apparent talk

The soft drinks world is abuzz today over what an executive shake-up at PepsiCo might mean to on-going speculation over CEO Indra Nooyi's successor....

just-drinks homepage



Forgot your password?