Foster's cuts F1 ties in quest for younger drinkers

by Drew Barrand, Marketing 21-Sep-05

Foster's is to end its long-running association with Formula One in the UK as it focuses on a younger audience.

According to John Dunsmore, UK chairman and managing director of parent
company Scottish & Newcastle, the F1 sponsorship no longer fits with the
lager brand's core strategy.

Foster's has a title sponsorship deal with the British Grand Prix, which

is due to run until 2010. However, insiders say the brand is likely to

have an opt-out clause in its contract, enabling it to end its
association early.

Foster's' corresponding title sponsorship deal with the Australian Grand
Prix is up for renewal after next season. Its status as the sport's
official beer partner, signed in March, may also be under threat.

Last week, Hewlett-Packard announced it is not renewing its sponsorship
of the Williams F1 team after this season.

F1 is set to face competition from A1 Grand Prix, which launches this
weekend.

Slow off the grid, page 17.