Matilda Abey
April 23, 2009
FOSTER'S has officially put its vineyard portfolio on to the market with an unknown price tag.
The 31 properties cover about 5000ha, and are in Victoria, NSW and SA. The sale of these properties (and another five which are not included in this listing ) and the decision to retire 37 wine brands, came about as a result of an internal review of its wine operations.
Landmark (part of AWB) is handling the sale and AWB spokesman Ian Desborough said he could not comment
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- why the sell off?
why the sell off?, page-7
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