Foster’s sells wine/club services units

Foster’s Group Ltd has sold five more of its wine club and services businesses to focus on its global beverage operations.

The beer and wine company, which flagged the divestment last August, said it will sell the units in Australia, New Zealand and Japan, to private equity firm Archer Capital Pty Ltd.

“It’s a good result for Foster’s and the Wine Clubs and Services businesses,” chief executive Trevor O’Hoy said.

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