Ongoing capital access is critical to the Foster's expansion

- Last updated on GMT

Related tags: Economics, Finance

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...

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.

Related topics: Market Trends

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