Foster's on track to cut costs from its bottom line

on 27/10/10 at 4:39 pm

Industry

FOSTER’S is on track to snip $100 million in costs from its bottom line to help transform the struggling beverages group into a ”pure play” wine and beer business that can compete better with rivals.

Although the Foster’s board is yet formally to approve a demerger of the wine and beer divisions, the chairman, David Crawford, gave his strongest indication yet that a split was likely.

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