Foster's: The Bitter Truth

The Australian beer giant has boosted earnings by selling the rights to its name in many places, and its wine business suffers from overcapacity

When it comes to beer and wine, few companies can match the eclecticism of Foster's Group. The Melbourne-based company is the world's No. 2 wine maker, behind only Constellation (STZ) of the U.S. Foster's' labels include wines from Australia, the U.S., and Europe such as Beringer, Lindemans, Wolf Blass, Penfolds, and Rosemount. Foster's is Australia's biggest maker of beer and is quite popular in Britain as well.

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