Foster's Group
| Foster's Group Limited | |
|---|---|
 |
|
| Type | Public (ASX:FGL) |
| Founded |  Australia Melbourne, Australia1887 as Foster Brewing Company 1905 merged to become Carlton and United Breweries 1983 taken over by Elders IXL 1990 renamed Foster's Brewing Group 2001 current name adopted |
| Headquarters | Australia Melbourne, Australia |
| Key people | Frank Swan, Chairman Trevor O'Hoy, CEO |
| Industry | Beverages |
| Products | Victoria Bitter Fosters Lager Jamieson's Run Wines Wolf Blass Wines Strongbow Cider |
| Revenue | $3.9 billion AUD (2004) |
| Employees | 35,000 (2004) |
| Slogan | Inspiring Global Enjoyment |
| Website | www.fosters.com.au |
Foster's Group is a beer group with interests in
History
It was founded in Melbourne in 1886 by two American brothers, William and Ralph Foster of New York, who happened to own a refrigeration plant, which was necessary to brew beer in Australia's hot climate. They sold the brewery the following year and returned to the United States[citation needed].
In 1983, Carlton and United Breweries purchased Elders IXL, a giant Australian diversified conglomerate, and was renamed the Elders Brewing Group. Then in 1990, the Elders Brewing Group changed its name to the Foster's Group, to reflect the name of their most internationally recognised product.
In 2005, Foster's Group acquired the Australian wine-making group Southcorp. This acquisition added famous brands such as Penfolds, Lindemans and Rosemount to the Foster's stable and around $1 billion AUD to revenues.
Business
In 1990, Asahi Breweries acquired a 19.9% stake in Australian brewery giant Elders IXL which later became Foster' s Group.
Foster's Group imports, licenses, and distributes a large number of brands. In Australia, Foster's distributes the Asahi Super Dry, Cinzano, Corona, Kronenbourg 1664, Perrier, Skyy vodka, Stella Artois, and 42 Below import brands among many others. While in the United States and Canadian markets, Molson brews and sells Foster's Lager under license.
Operating companies
- Carlton & United Beverages
- Foster's Wine Estates
- Matilda Bay Brewing Company
Beer brands
- Ballarat Bitter (last produced in limited quantity in 2006)
- Carlton Cold
- Carlton Draught
- Cascade Draught (see Cascade Brewery)
- Cascade Premium Lager
- Crown Lager
- Fiji Bitter
- Foster's Lager
- Melbourne Bitter
- Pure Blonde
- Sterling
- Victoria Bitter
Wine brands
- Beringer
- Castello di Gabbiano
- Chateau Souverain
- Chateau St. Jean
- Jamiesons Run
- Kaiser Stuhl
- Lindemans
- Matua Valley Wines
- Meridian
- Penfolds
- Rosemount
- Saltram
- Stags' Leap Winery
- Wolf Blass
- Yellowglen
References
- ^ T. Stevenson The Sotheby's Wine Encyclopedia Fourth Edition pg 468 Dorling Kindersly 2005 ISBN 0756613248
- ^ http://www.theage.com.au/articles/2004/03/03/1078295447680.html
External links
- Foster's Official Site
- Beringer, Foster's Pop Champagne On Deal
- Interview with CEO of Foster's Group
- Foster's History
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