A $12 billion demerger announced by Foster`s earlier this week was the culmination of `stupid` wine acquisitions, a poor management culture nurtured by monopoly positions in the beer market and the changed economics of the wine industry. The scathin
Australia`s largest brewer Foster`s is to separate its struggling wine arm from its beer business. The firm expanded into wine in 1996 when it bought the Mildara Blass brand. The business now includes Southcorp with its Penfolds and Lindemans brands
Barossa grape grower Leo Pech is urging removal of tax breaks for new vineyards, saying it is ridiculous to encourage development during a wine glut. Growers in the Clare and Barossa Valleys have been told they need to pull out at least 17 per cent
THE quality of Australias 2010 wine vintage promises to be the best in a decade, and drinkers will also continue to savour some heavy discounting. Fewer grapes were produced in the 2010 harvest, with the Winemakers Federation of Australia estimating
SYDNEY (Reuters Life!) - Bottling wine in recycled plastic may be good for the environment in the long-term, but not for the quality of the vintage, an Australian study shows. The study, commissioned by plastic bottle maker Portavin, revealed the gr
