Foster’s Group: Speculation of Further Write Downs

Foster’s Group is expected to announce the results of its strategic wine review in mid-February, but speculation among analysts is abundant. According to an article in The Australian, Goldman Sachs JBWere analyst Ian Abbott believes Foster’s could be forced to further write down the value of its wine assets by $700 million because it still holds a total of $2.2 billion of wine-related intangible assets on its balance sheet. Foster's could make write-downs of up to $200 million on its