SAB Miller's Australian subsidiary, Foster's Group will no longer be allowed to import and distribute Mexican beer Corona Extra. Foster's has been informed by Corona's parent company Grupo Modelo that it intends to terminate Foster's licence to import and distribute Corona Extra in Australia with immediate effect. The brand's distribution will go to Lion Nathan. 

The board of Foster’s Group has rebuffed SABMiller's proposed takeover bid. 

SABMiller has proposed to make a conditional, off-market, cash takeover offer for all of the issued shares in Foster’s Group. 

Foster's appoints CMO

14 July, 2011

Foster's Group has announced the appointment of Andy Gibson to the role of chief marketing officer. Andy is expected to start in the role on November 1.

Foster's has rejected a takeover bid from SABMiller. Foster's Group said that it received an "unsolicited, incomplete, non-binding and conditional proposal" from SABMiller to acquire all of the shares in Foster's via a scheme of arrangement at a price of $4.90 per share in cash.

Foster's appoints CFO

04 November, 2010

Foster's Group has appointed Anthony Reeves to the role of chief financial officer (CFO), on a fixed term contract, effective from Monday 8 November 2010.

Foster's CFO steps down

06 September, 2010

Foster's Group has announced that Angus McKay, chief financial officer (CFO) has submitted his resignation and will depart Foster’s towards the end of this year. McKay joined Foster’s in 2004 from Fonterra Australia and was finance director, Foster’s Australia, Asia and Pacific, before taking up the CFO role in January 2008.

US: Foster's Wine Estates has announced long-term distribution agreements with Southern Wine & Spirits in three US markets.

Australia: Foster’s has appointed a former police officer to its board of directors.

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Joe Bates

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I’ve always maintained that the cards are stacked against craft spirits brands wanting to build a meaningful travel retail presence.

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