The former chairman of Myer and Dick Smith set out his two-part agenda in a 22-page slide deck sent to fund managers.
Bill Wavish has outlined his “fix-it” plan to shareholders for getting Endeavour Group back on track and recovering some of the $5.6 billion of market value lost by the pubs and liquor business over the past year to “pet projects” and diminished confidence in its strategy.
Phase two entails drafting a plan for the business’s 354 hotels; a review of Pinnacle Drinks; the wineries strategy; and a plan for the BWS liquor chain, according to the presentation.Arsineh Houspian Mr Wavish, who is best known as the right-hand man to former Woolworths chief executive Roger Corbett,
Woolworths so far has remained silent over the public hostilities. But the nation’s largest supermarket chain is more than a large shareholder; it helped set the Endeavour strategy and also established the board, nominating Peter Hearl as inaugural chairman. Mr Hearl remains at the helm of the board.Endeavour’s retail business operates 1701 stores across the country under key brands Dan Murphy’s and BWS, along with Jimmy Brings, Langton’s and Shorty’s Liquor.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ASX 200: ASX to rise; eyes on oil; Macquarie embraces AI to beat the marketShares are set to open higher; oil in focus amid geopolitical tensions in the Middle East; Wall Street shrugs off better than expected US jobs figures. Follow here for more.
Read more »
ASX: NWS - Who’s to blame for News Corp’s gambling problem with Betr?The launch of gambling startup Betr was supposed to be the next strategic play for News Corp. Just four months after launch and $75 million later, it was out.
Read more »
ASX MYR: Myer board shake-up elevates Mervis; Qantas’ Wirth to joinThe head of Qantas Loyalty, Olivia Wirth, and well-known businessman Gary Weiss are up for election as independent non-executive directors at the upcoming AGM.
Read more »
ASX bounces up as oil prices surge on Israel attackOil prices have buoyed the ASX on Monday with energy companies rallying after a shock attack in Israel by militant group Hamas on the weekend.
Read more »
ASX bounces up as oil prices surge on Israel attackOil prices have buoyed the ASX on Monday with energy companies rallying after a shock attack in Israel by militant group Hamas on the weekend.
Read more »
ASX bounces up as oil prices surge on Israel attackOil prices have buoyed the ASX on Monday with energy companies rallying after a shock attack in Israel by militant group Hamas on the weekend.
Read more »