Business Services Industry
Lion boss eschews champagne tastes.
Australasian Business Intelligence, May, 2005
May 22, 2005 (The Sydney Morning Herald - ABIX via COMTEX)
A number of changes have been implemented at Lion Nathan since Rob Murray became the Australasian beer and wine group's CEO. In the past, Lion Nathan has been accused of copying the strategies pursued by rival, Foster's Group. Murray claims that was the result of the two groups having similar ambitions. However, he says Lion Nathan is not planning to follow Foster's down the road it is currently taking. According to Murray, Foster's is now a "wine company with a beer play", whereas Lion Nathan intends to keep its focus on beer. Lion Nathan recently announced an 8.1 per cent rise in profit to $A127.6 million, before one-off items.
Publication Date: 23 May 2005
LION NATHAN LIMITED - ASX...
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