Brian Lowe has a 100-day plan. Three months ago, Orora, the cans and bottles manufacturer where Lowe is chief executive, splashed out $2.16 billion to buy France’s Saverglass, its biggest acquisition ever. So far, the market has been pessimistic. Shares are down 24 per cent since then.

It was not the reception Lowe had hoped for. Orora, which demerged from Amcor, another packaging giant, a decade ago, saw plenty of opportunities in the market where Saverglass operated. The French company traces its history back 126 years, and has a 33 per cent share of the market for high-end spirit bottles and counts Grey Goose, Glenfiddich and Hennessy as customers.