Publicly listed niche brewing company Moa has suffered a shock decline in its share price in the wake of investment-sector concerns over its failure to meet sales targets in the domestic market. Yesterday (August 13) Moa announced estimates for domestic sales in the year ending March 31, 2014 would be 30% below current projections published in the initial public offer documentation.
Fosters decision to revive Crown Lager with a relaunch later this year has been prompted by a need to improve the beer’s quality if it is to secure its premium image against the rising tide of craft beers.
An experienced wine industry senior executive has told Australian media that the wine industry is not suited to corporate business culture. Terry Davis, group managing director of Coca-Cola Amatil was responding to questions about the possibility of Coca-Cola extending its planned investment in the liquor industry to wine.
In a new twist on the established brand building business model, Moa beer is seeking to raise NZ$15 million in a public float planned for later this month.
Treasury Wine Estates is the current version of Australia’s wine industry disaster, previously known as Fosters.
Australia’s biggest selling export wine label is to get a brewed sibling. Casella Wines, makers of Yellowtail, has announced it is branching out into the beer business.
Coca-Cola Amatil has signalled its intention to become active in the New Zealand beer market with the brands of its international brewing partners, Molson Coors.
One of the world’s dominant brewing companies SABMiller has declared a healthy increase in its earnings after tax of 75%, to US$6.22 billion for the year ended March 2012.
The new owners of Australia’s largest beer producer, Fosters, have promised a miracle in performance over the next five years.
Lion has taken the Corona beer agency after its Mexican owner, Grupo Modelo, decided to end its agreement with Foster’s in Australia.
The announcement of a new chief executive officer for Australia’s biggest brewer, Fosters, has revealed new owner, SABMiller’s strategy to establish the company as a significant player in the Asian market.
Australian Federal Treasurer Wayne Swan has given final formal approval of the SABMiller takeover of Australia’s largest brewer, Fosters.