Get involved, Aussies!

Discussion in 'Australia' started by AzfromOz, Feb 11, 2022.

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  1. AzfromOz

    AzfromOz Grand Pooh-Bah (3,225) Aug 22, 2020 Australia
    Mod Team BA4LYFE Society Pooh-Bah Trader

    I know a few old timers that used to work on the bottling line at Carlton & United Breweries (CUB) in Melbourne, and they would often more than drink their fill during a shift. I'm hoping the forklift driver at least waited until his spell behind the levers had ended!

    Elders IXL (note the "s") was famously run by a bloke called John Elliot, a man with a gigantic beak and rough-as-guts personality who was also a brilliant corporate leader. He famously cleaned out fellow 80s entrepreneur Allan Bond after Bond launched a raid on the eastern seaboard beer market, over which Elders' CUB had held hegemony, and after he also bought a television station that Elliot held a controlling interest in that Elliot subsequently bought back at about a quarter of the price. Elliot was famously quoted as saying "You only get one Alan Bond in your lifetime, and I've had mine" after the latter deal.

    [It has since been pointed out by @MrKennedy below that the last bit above about the television station buyout involved a totally different businessman, and not John Elliott, so please ignore that bit! @AzfromOz 12 Feb 23]
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    #41 AzfromOz, Feb 10, 2023
    Last edited: Feb 12, 2023
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  2. jesskidden

    jesskidden Grand Pooh-Bah (3,145) Aug 10, 2005 New Jersey
    Society Pooh-Bah Trader

    Bond eventually had a bigger (negative) affect on the US brewing industry than Elders IXL, by buying Pittsburgh (Iron City) Brewing Co. in 1986 and then a successful attempt the following year at taking over the Fourth largest US brewing company at the time, G. Heileman. Heileman operated about a dozen breweries at the time, brewing brands like Old Style, Blatz, Carling Black Label, Lone Star, Rainier, both Schmidt and Schmidt's :grin:, Tuborg, Rheingold, Stag, Sterling, Grain Belt, Champale, Colt 45 and many, many more.

    Heileman soon after had Bond-created financial problems, started selling off brands and spinning-off breweries or closing them until it was sold first to an investment firm in 1993 and then in 1996 to US's then-#4 brewer, Stroh, which was also failing and would only last until 1999. Heileman's barrelage during the period went from 14M bbl. (1986) to 7.6M bbl (1995).
     
    #42 jesskidden, Feb 12, 2023
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  3. MrKennedy

    MrKennedy Pooh-Bah (1,838) Dec 29, 2006 Australia
    Pooh-Bah Trader

    I think this part was actually Kerry Packer
     
    #43 MrKennedy, Feb 12, 2023
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  4. AzfromOz

    AzfromOz Grand Pooh-Bah (3,225) Aug 22, 2020 Australia
    Mod Team BA4LYFE Society Pooh-Bah Trader

    Actually, you're right! That's really stupid of me - I got myself totally mixed up there!

    Apologies all, and let this be a lesson to you all about believing anything I say... :rolling_eyes:

    Cheers!
     
    #44 AzfromOz, Feb 12, 2023
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