SABMiller’s challenges with Foster’s under the microscope
Last week, the Miller Lite brewer reported Foster’s volumes of beers like Victoria Bitter, Carlton Draught and Pure Blonde dipped 4 percent in its year to end-March due largely to a weak Australian economy, poor summer weather and management distractions during the bid battle. This compared to the SABMiller group which saw an overall 3 percent annual volume rise for its beers such as Peroni, Castle and Grolsh with Africa growing volumes as fast as 13 percent and Latin America by some 8 percent.
via Reuters.
Breweries: SABMiller
