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Foster's: No more wine, thanks (from Corporate Dealmaker)

More wine is the last thing Foster's Group Ltd. needs. So no wonder Foster's chairman David Crawford told Reuters that the company has not considered acquiring anything from larger rival Constellation Brands Inc., which recently put some of its Australian wine brands up for sale and has also been shedding U.S. wine brands.

Posted on August 26, 2008 3:26 PM

Foster's loses big bet on wine, also CEO (from Corporate Dealmaker)

The Germans say: "Bier auf Wein, das lasse sein. Wein auf Bier, das rat ich dir." But as Trevor O'Hoy can report, wine on top of beer isn't always to be recommended. Tuesday O'Hoy announced he's stepping down as CEO of Australia's Foster's Group Ltd. O'Hoy made a huge bet...

Posted on June 10, 2008 12:02 PM