Posts Tagged ‘FGL’

Fosters Signs US Distribution Agreement With Southern Wines & Spirits

Wednesday, June 23rd, 2010

Foster’s Group Limited (Foster’s) has signed long-term distribution agreements with Southern Wine & Spirits in three of the largest U.S. markets.  Southern Wine & Spirits will gain the exclusive rights to sell Foster’s global portfolio of wines in California, Florida and Illinois. Southern currently distributes Foster’s wines in each of these states but has shared the portfolio with other distributors and Foster’s own self-distribution.

“We look forward to continuing our strong partnership with Southern under these new agreements which will deliver superior performance in each of these key states,” said Foster’s Americas Managing Director Stephen Brauer.

“We are truly honoured and thrilled to be Foster’s exclusive distributor partner in the critical markets of California, Florida and Illinois going forward,” said Wayne Chaplin, President & Chief Operating Officer of Southern Wine & Spirits of America. “We look forward to partnering with Foster’s to realize their Route-to-Market goals of sustainable brand growth, in-market execution and portfolio premiumisation,” added Chaplin.

The new contracts become effective 1 July 2010.

www.fostersgroup.com

Post to Twitter

Fosters Signs US Distribution Agreement

Wednesday, May 26th, 2010

Foster’s Wine Estates (Americas) (FGL) announced today it has signed long- term distribution agreements with The Charmer Sunbelt Group. Charmer Sunbelt will gain the exclusive rights to sell Foster’s portfolio of wines in New York, Maryland and the District of Columbia. The agreements mark the first phase of a US Route-to-Market initiative launched upon the completion of the Wine Strategic Review in February last year. Core elements include distributor realignment, sales structure and capabilities reorganization and new performance management systems.

“We are aligning with distributors who share our growth vision,” said Foster’s Americas Managing Director Stephen Brauer. “Charmer Sunbelt has the capabilities and commitment in these key markets to grow our core brands, build our luxury portfolio and partner with us in bringing new, innovative brands and ways of working to the market. Foster’s has assembled not only an exceptional and diverse portfolio of brands, but also a new, dynamic management team,” said Charles Merinoff, Vice Chairman & CEO of The Charmer Sunbelt Group. “We are very excited to represent their brands and look forward to the opportunity to work with their organization in redefining a way of working that will drive strong growth.”

www.fostersgroup.com

Post to Twitter

Boag’s could cost Foster’s $100m

Wednesday, March 17th, 2010

A Goldman Sachs JBWere analyst sees James Boag’s increasing penetration of the Victorian barbecue beer market as costing Foster’s $100 million in revenue and $40 million in pre-tax earnings.

According to this article in The Age, James Boag’s increasingly sturdy grip on VB’s traditional turf has beverage analysts worried, enough to place a “sell” on Foster’s stock.

With Tasmanian-brewed Boag’s, Lion Nathan now has a viable challenger to Foster’s in the CUB-centric Victorian market.
Fosters Share Price

Chart source Market Analyser. Sign up for a free charting software trial!

Foster’s Group
ASX Code: FGL

The Age: “VB under attack from Tasmania”

Post to Twitter

Boag's could cost Foster's $100m

Wednesday, March 17th, 2010

A Goldman Sachs JBWere analyst sees James Boag s increasing penetration of the Victorian barbecue beer market as costing Foster s $100 million in revenue and $40 million in pre-tax earnings.

According to this article in The Age, James Boag s increasingly sturdy grip on VB s traditional turf has beverage analysts worried, enough to place a sell on Foster s stock.

With Tasmanian-brewed Boag s, Lion Nathan now has a viable challenger to Foster s in the CUB-centric Victorian market.
Fosters Share Price

Chart source Market Analyser. Sign up for a free charting software trial!

Foster s Group
ASX Code: FGL

The Age: VB under attack from Tasmania

Post to Twitter

Fosters Group Ex Dividend On 23/2/2010

Monday, February 22nd, 2010

Foster’s Group (FGL) will go ex dividend on 23/2/2010. The current dividend payment is 12 cents and it is 100% franked. The record date is 1/3/2010 and the dividend will be paid on 1/4/2010. Based on the full year payment the dividend yield is 4.8%.

*Current Yield: 2.1% Franking: 100% DRP Discount: Not Available

www.fostersgroup.com

*Yield has been calculated on the closing price on the 18/2/2010. Current yield is based on the current dividend payment only.

Post to Twitter

Foster's wins $546m tax appeal

Friday, November 27th, 2009

Foster’s has won a major victory against the ATO, successfully appealing against a tax assessment which could have cost the company $546 million.

Foster’s has already paid $253.6 million on the assessment related to deductions between 1998 and 2004, and this money could be refunded if the tax office chooses not to appeal, or if it loses an appeal.

The result should not affect the brewer’s financial position, but the share price yesterday did drop 7 cents to $5.51.

Foster’s Group
ASX Code: FGL

Chart source: Market Analyser. Sign up for a free charting software trial!

For more on this news story:

Post to Twitter

Fosters Group Ex Dividend On 1/9/2009

Monday, August 31st, 2009

Foster’s Group (FGL) will go ex dividend on 1/9/2009. The current dividend payment is 15.3 cents and it is 100% franked. The record date is 7/9/2009 and the dividend will be paid on 6/10/2009. Based on the full year payment the dividend yield is 5.0%.

Current Yield 2.8% Franking: 100% DRP Discount: 0%

www.fostersgroup.com/

*Yield has been calculated on the closing price on the 26/8/2009. Current yield is based on the current dividend payment only.

Post to Twitter