Australian retail operator Woolsworth Group, owner of the Dan Murphy’s and BWS alcohol chains, is planning to merge its drinks and hospitality arms into a separate company worth AU$10 billion (US$7bn), which it will offload. The merger of Endeavour Drinks and Australian Leisure & Hospitality (ALH) Group, Woolworths’ hospitality division which includes its gaming operations, would create “Australia’s largest integrated drinks and hospitality business” with sales of around AU$10bn and EBITDA of AU$1bn (US$702m). The…
Marie Brizard Wine & Spirits (MBWS) has backtracked on its plan to sell a number of brands to cover the group’s losses in full-year 2018. In September 2018, MBWS announced it was considering offloading some of its brands after downgrading its full-year fiscal outlook. However, the group’s latest update from a board of directors meeting yesterday (11 January), said its “various efforts carried out have not resulted in offers that would meet the stated objective, in the…