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Fosters will close some Southcorp wineries
19 Jan 2005
Fosters would cut the number of wineries operated by itself and Southcorp from 16 to less than half that number, under a plan to operate a handful of mega-wineries if Fosters succeeds in taking over its target. The directors of Southcorp are yet to recommend the takeover bid from Fosters, however. Fosters has already shut production at many wineries within its existing family of wine labels, including several in South Australia. Fosters currently produces most wine at its Bilyara facility in the Barossa Valley.
Financial Review, 19/01/05
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