The pubs and pokies giant has notched higher sales but lower profits as high interest rates and cost of living pressures eat into profits.
Lemon-flavoured drinks are in,says the CEO of Dan Murphy’s and BWS’ parent company,and spritzers are about to make a comeback.
Endeavour chief executive Steve Donohue is looking for $290 million in cost savings by 2026.
Transformation plans for its New Zealand operations are progressing slower than expected as high rebranding costs,a tough economy and high interest rates hit home.
Victoria’s gaming regulator issued a statewide direction to move betting terminals close to the counter or go cashless,after a 16-year-old was found to have gambled at a string of pubs.
Peter Hearl,the chair of drinks giant Endeavour Group,and billionaire activist Bruce Mathieson’s son will both step down following a prolonged public spat between the men over the future of the business amid a plunging share price.
The men who built Endeavour into the world’s largest poker machine operator – and a pubs and liquor juggernaut – have triggered a public brawl over the future of a business.
Endeavour chairman Peter Hearl was forced to defend the company’s leadership and share price performance,as well as a prolonged attack from former Woolworths chief Roger Corbett.
A showdown between the Endeavour board and the company’s largest shareholder,billionaire activist Bruce Mathieson,had everything but fisticuffs.
The liquor and gaming giant faced questions from analysts about growth ahead of a fiery annual meeting this week.
CGI Glass Lewis,ISS and Ownership Matters have told their clients not to put retail veteran Bill Wavish on the board of the gaming and liquor giant.