Woolsworth Group to drop drinks and hospitality arms after merger

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…

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Marie Brizard Wine & Spirits rethinks brand disposals

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…

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