E-Malt.com News article: 3081

Australia, Sydney: Brewing and wine company Foster's Group Ltd.'s chief executive Tony O'Hoy has ordered the company's top 100 executives from around the world to Melbourne this week for a two-day strategy meeting in his push for a "one company" approach to increase profits, The Australian Financial Review reported without quoting sources.

The newspaper said O'Hoy wants to create greater unity between the beer, wine and spirits businesses as the company moves to improve the profitability of its Beringer Blass wine business following a major restructuring.

It said O'Hoy has already moved by creating a new structure emphasising shared services between Beringer and the Carlton & United Beverages beer and spirits division.


11 August, 2004