Finance

PACE OF GROWTH TO QUICKEN UNDER PAG

Posted on April 24th, 2024 by Clyde Mooney
Australian Venue Co is finding renewed strength under new owners PAG, and armed with a new investment chest is ratcheting up its acquisitions. In August news broke of the $1.4bn deal whereby PAG Asia Capital bought KKR’s 80 per cent

BANK COVENANT REPORTING – THE NEED TO KNOW

Posted on February 16th, 2024 by Clyde Mooney
The finance landscape in the pub industry is under pressure, as businesses continue to find their feet following the pandemic and the fallout from high interest rates takes its toll. Most instances of loans issued to a pub will involve

ROYAL OAK OPERATORS FELLED FROM GRACE

Posted on January 22nd, 2024 by Clyde Mooney
The company owned by a former digital strategist and self-proclaimed psychic has fallen into administration, owing hundreds of thousands of dollars to staff and creditors, having not turned a profit. Rahni Newsome promotes herself as an experienced freelance digital marketer,

SHORT’S SYDNEY COLLECTIVE IN ADMINISTRATION

Posted on January 15th, 2024 by Clyde Mooney
Pub industry trailblazer Fraser Short’s group The Sydney Collective has fallen into administration, said to owe around $6 million in tax and to creditors. The news broke late December – less than a year after TSC sold its share in

MATHIESON CLAIMS BOARD SINKING ENDEAVOUR

Posted on October 4th, 2023 by Clyde Mooney
A billion-dollar stoush has begun between the board of hotel and liquor retailing giant Endeavour and its largest shareholder, Bruce Mathieson, based in the mismanagement of the company. Endeavour holds a portfolio of over 350 pubs and clubs through its

MATHIESON’S RISING STAR

Posted on August 23rd, 2023 by Clyde Mooney
Billionaire pub baron Bruce Mathieson is looking to bolster his stake in the casino sector, applying to the regulator to increase his already substantial holding in the troubled Star Entertainment. Principle investor in Endeavour, keeper of the country’s largest pub

ALH POSTS STRONG RESULTS AMID CONTINUED INVESTMENT

Posted on May 10th, 2023 by Clyde Mooney
Endeavour has posted what it describes as a “solid” performance for the quarter, seeing stability across pubs and retail, and continued investment in the pursuit of patronage. The ASX-listed Endeavour (EDG) released its FY23 Q3 financials in the past week,

BGH CAPITAL EYES AVC BUYOUT

Posted on November 23rd, 2022 by Clyde Mooney
Melbourne- based private equity company BGH Capital is running the ruler over Australian Venue Co’s business plan and venues around the country, looking to submit a speedy pre-Christmas takeover bid. Australian Venue Co (AVC) major shareholder KKR reportedly engaged investment

ENDEAVOUR Q1 RESULTS HERALD STRONG REBOUND IN PUBS

Posted on October 17th, 2022 by Clyde Mooney
Endeavour Group has released its Q1 trading figures for FY23, reporting “accelerated” sales in its fleet of pubs and growth in retail, compared with pre-COVID levels. Australia’s largest pub operator and liquor retailer, the ASX-listed Endeavour Group (ASX:EDG), detailed group

AQUIS GAZUMPS OSCARS FOR IRIS

Posted on July 13th, 2022 by Clyde Mooney
Aquis Entertainment has announced a new agreement to sell its Casino Canberra to Sam Arnaout’s Iris Capital after receiving a greater bid than previously proposed by rival pub group Oscars Hotels. News emerged mid-May that Oscars had formed an agreement