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Tempted by an unddderdeveloped market and a growing taste for beer, Fosters saw big potential in the Chinese brewing sector. But this potential has come tomothi
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Tempted by an unddderdeveloped market and a growing taste for beer, Fosters saw big potential in the Chinese brewing sector. But this potential has come tomothing and the Australian brewer has finally rang time on its China investmentsAfter over ten years, several failed partnerships and millions of dollars in losses, Australias Fosters Group has finally called last orders on its expensive dip into the Chinese brewing market. In a decision announced in June, Fosters sold its Shanghai brewery for an undisclosed amount to Japans Suntory. Speaking shortly after the sale, a Fosters spokesperson was optimistic that the salewould not affect the brewers intemational ambitions: "As we look to growing the Fosters brand as an inteational premium brand rather than being a local brewer, Shanghai no longer fits."
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