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Foster’s still on top despite losing 3pc market share in Australia

It was reported last week that Australian brewer Foster’s Group had lost 3 percent of the AUD3.8 billion (USD3.08 billion) Australian beer market in recent years. However, according to ratings agency Moody’s, Foster’s remains the market leader.

Moody’s found that despite the 3 percent decline in market share, Foster’s still had a substantial share of about 50.5 percent by value for the 12 months ending in March, although it was down 1.5 percent from the same period a year ago.

(Source: The Australian)