Carlton and United Breweries’ (CUB) loss of market share in the first half dashes hopes that Foster’s beers would counter waning earnings from its wine division.
Now facing a battle on two fronts, Foster’s said that volumes at CUB dropped 1.1 percent in the December half, when industry experts estimated the Australian beer market had grown at least 1 percent and possibly as much as 3 percent.
(Source: The Sydney Morning Herald)