Acquisition of Beringer by the Foster's Group
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Since Beringer's was acquired by the Foster's group in 2000, it has done remarkably well. In fiscal year 2001, its sales for the combined wine division more than doubled to $1,359.7 million. Case shipments of wine went up by more than 20% in the U.S., Canada, and the United Kingdom. The return on capital employed (ROCE) was 13%-15%. In fiscal year 2002, Beringer BlassĘs earnings before interest, tax, and amortization (EBITA) contribution was $486.6 million, up 20.1% over FY 2001. Global volumes increased 25.8% to nearly 17 million 9-liter cases shipped. Wine trade EBITA rose by 36% over FY 2001 from $294.8 million to $401.0 million.FosterĘs financial performance since the Beringer acquisition reflects FosterĘs increased presence as a global concern in the beer and wine industry. Successfu
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Some common words found in the essay are:
Beringer BlassĘs, , United Kingdom, fy 2001, beer wine, product line, internal communications,
Approximate Word count = 539
Approximate Pages = 2 (250 words per page)
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