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.
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....
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Here's a round-up of the top stories on just-drinks last week, featuring Coca-Cola Life, Australian Vintage, Pernod Ricard and BrewDog....
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- Analysis - SABMiller's Australian issues continue
- Focus - SABMiller's Q1 Performance by Region
- PepsiCo to consider more re-franchising - CEO
- PepsiCo find stability but Peltz concerns linger
- Diageo silent over Shuijingfang writedown report
- Diageo's Captain Morgan Facebook ad banned
- Sales, profits fall at Moet Hennessy in H1
- Champagne Nicolas Feuillatte appoints new CEO
- Molson Coors CEO to retire