If the demerger of Endeavour Drinks from Woolworths goes ahead as planned later this year, investors could be in for a major windfall of up to $2 billion according to a report to the ASX today.
Woolworths
Sales moderate at Endeavour Drinks and Coles Liquor
Sales growth at major bottleshop chain owners Endeavour Drinks and Coles Liquor is slowing after COVID-19 restrictions were eased.
Endeavour and Coles sales up after March surge
Endeavour Drinks and Coles Liquor both saw surges in sales at the end of March according to reports published this week.
Endeavour Drinks assists small suppliers with early payment
Woolworths Group has moved to assist small suppliers affected by COVID-19 by reducing its payment terms to a maximum of 14 days.
Tribe brews ‘best thing since sliced bread’
Tribe Breweries has teamed up with supermarket giant Woolworths to launch a limited edition pale ale, made with 350kgs of unsold bread. Josh Gaudry, head of marketing and innovation at Tribe, explains how and why.
Woolies set to offload Endeavour Drinks
Supermarket Woolworths is looking to demerge its drinks business Endeavour Drinks and hospitality arm ALH to “maximise value” for shareholders.
Gage Road continues Pinnacle relationship
Western Australia’s Gage Roads has announced that it has been awarded the tender to continue to produce a number of exclusive brands for Pinnacle Drinks for another three years.
Gage Roads to buy back Woolworths shares
Western Australia’s Gage Roads Brewery has announced a capital raising to buy-back Woolworth’s 25 per cent stake in the brewery with a view to “Returning to Craft”.
Gage Roads defends executive payrises
West Australian brewer Gage Roads has defended its move to supplement two executives’ salaries by $110,000 each at a time when the company is struggling to turn a profit.
Foster’s Classic hits retro mark: CUB and Woolies
The iconic Foster’s beer brand has been embraced by drinkers in its new guise, Foster’s Classic, according to Carlton & United Breweries and Woolworths.