Foster’s Stumbles in the U.S.

As expected, Foster’s wine business underperformed in fiscal 2008, but its beer unit “remains robust” and generated solid earnings. Recall that things came to a head in June when Foster’s ceo Trevor O’Hoy unexpectedly resigned and the company issued a $700 million write-down of its global wine business.Foster’s acting ceo Ian Johnston and chairman David … Continue reading "Foster’s Stumbles in the U.S."

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