Global beverages firm Foster's Group Ltd says its beer business remains strong.
"We have a great Australian beer business, and it continues to deliver strong financial returns," Foster's chairman David Crawford said during a teleconference.
Foster's chief executive Trevor O'Hoy resigned today as the company announced an earnings downgrade and writedowns, and said it had paid too much for its wine assets.
Source - Foster's: Beer strong, wine not so good, news.com.au
Full Story - http://www.news.com.au/business/story/0,23636,23840173-31037,00.html