Lion to ditch struggling dairy, stick to brewing

Original article by Eli Greenblat
The Australian – Page: 19 : 11-Oct-18

Australian beverages group Lion has flagged plans to divest its Lion Dairy & Drinks division in order to focus on its brewing assets. Lion CEO Stuart Irvine is upbeat about the outlook for Lion Dairy & Drinks in the wake of a turnaround program, but he adds that the Japanese-controlled company has opted to focus on other growth areas following a review of the dairy assets. Lion is particularly bullish about its prospects in the global craft beer market. Lion Dairy & Drinks’ brands include Pura milk, Dare Iced Coffee and King Island cheese.

CORPORATES
LION PTY LTD, LION-DAIRY AND DRINKS PTY LTD, KIRIN HOLDINGS COMPANY LIMITED, LITTLE CREATURES BREWING PTY LTD, FOURPURE, SAPUTO INCORPORATED, FONTERRA CO-OPERATIVE GROUP LIMITED, BEGA CHEESE LIMITED – ASX BGA, PARMALAT AUSTRALIA PTY LTD, WARRNAMBOOL CHEESE AND BUTTER FACTORY COMPANY HOLDINGS LIMITED, MURRAY GOULBURN CO-OPERATIVE COMPANY LIMITED

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