Ongoing capital access is critical to the Foster's expansion
In order to continue its global expansion and deliver the rates of
return expected by its shareholders, Foster's Brewing will need
near-to-permanent access...
return expected by its shareholders, Foster's Brewing will need
near-to-permanent access...
In order to continue its global expansion and deliver the rates of return expected by its shareholders, Foster's Brewing will need near-to-permanent access to debt and equity capital, revealed Trevor O'Hoy, chief financial officer: "We understand that building premium brands is a long term commitment and maintaining capital market support throughout the long term brand building process is absolutely critical". Foster's expansion into wine, including last year's $2.6 billion acquisition of Beringer Wine Estates in the United States, has resulted in a transformation of the company's capital base, with more than 60 per cent of Foster's capital base attributed to wine and only 40 per cent beer.
