Liquor firm cuts back on wine to focus on pubs growth

Liquor firm cuts back on wine to focus on pubs growth

Endeavour Group, which owns Dan Murphy's, BWS, and hundreds of pubs, plans to take $300 million in costs out of the business to support its future growth.

Endeavour Group Moves To Overhaul Pinnacle Drinks As Shares Slide Nearly 6%

Endeavour Group Ltd. (EDVGF, EDV.AX), Australia’s retail drinks and hospitality company, announced Wednesday it will restructure its Pinnacle Drinks business to prioritize best-selling wine brands and reduce costs. The restructuring will see the company cut its own grape production by more than 80%, a significant shift in how it sources its core product. Following the changes, approximately 99% of the company’s wine and grape supply is expected …

Hrdlicka exits vineyards, hits the trenches for Dan Murphy’s price war

Endeavour Group is dumping some of its prestige wineries and switching its focus to lowering costs. But can “Ms Execution” convince sceptical investors?

Endeavour Group trims wine portfolio in cost-saving plan

Endeavour Group has unveiled a restructure of its Pinnacle Drinks business as it looks to cut costs and trim its premium wine range.

Endeavour Group to sell wineries in $300 million savings push

Endeavour Group, the largest retail drinks and hospitality company in Australia, is changing tack to focus on cost reduction and value-driven retail. The update comes as part of a strategy update to its investors, not long after the group had seen its profits contract in the wake of heavy discounting at both BWS and Dan Murphy’s. But the group’s complex portfolio, comprising those two retailers, ALH Hotels, and its own assets, is about to get si…