Aussies Looking to Buy France

According to Barron's, Australian beverage giant Fosters is looking to invest or buy French or European wine brands. Foster's just a few years back bought Beringer Wine Estates which includes brands such as Chateau St. Jean, Beringer, Stags Leap Winery, Chateau Sovereign, Meridien and others. They also own Wolf Blass. The combined unit is called Beringer Blass. Golf kingpin Greg Norman's branded wines are held under this group as well as leading Chianti producer Gabbiano.