Endeavour Group has posted its full year results for FY24, detailing cost-cutting and portfolio hygiene in challenging economic times, yet seeing falling investor sentiment. ASX-listed Endeavour (ASX:EDV) is the holder of 350 pubs, retail outlets Dan Murphy’s and BWS, and assorted other hospitality-related assets. The report cited a dip in net profit, in line with […]
Australia’s largest publican, ALH, is clawing back in its plan to turn the balance sheet around, securing approval by the ACCC to proceed with purchase of Victorian landmark the Rye Hotel. ASX-listed Endeavour (ASX:EDV) agreed in June to purchase the large-format pub from long-time owner Peter Houghton, for a price believed to be close to
ALH and a former Wiggle have teamed up to save lives through the rollout of defibrillators in more than 350 hotels across the country. This week Endeavour Group, parent company to Australian Leisure & Hospitality (ALH), announced a new partnership with former yellow Wiggle Greg Page and his charity Heart of the Nation to install
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 pubs division ALH, with the biggest collection of EGMs in the country, plus six wineries
The ACCC has put a pause on ALH’s acquisition of the landmark Rye Hotel, amid competition concerns for patrons in the area. The big Rye Hotel is an icon of Victoria’s Mornington Peninsula, providing public bar, gaming room, 43 accommodation rooms, and a thriving drive-through bottleshop. ASX-listed Endeavour (ASX:EDV) agreed in June to purchase it
ALH is on the PR front foot in the gaming reform debate, announcing it will reduce room hours in Victorian venues ahead of the deadline and calling for more uniformity between states. In a press conference last week Endeavour Group (ASX:EDV) chief executive Steve Donohue broke the news the company would be transitioning its pubs
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, noting that both its revenue segments were in growth. “Australians love socialising and our network
ALH POSTS STRONG RESULTS AMID CONTINUED INVESTMENT Read More »
ALH and Endeavour will unveil a brand-new venue in Sydney this Easter long weekend, stemming from a strategy for the ‘future of venues’ through investment in e-sports pioneer Fortress. In 2019 Endeavour Group (ASX:EDG) launched a digital and ecommerce arm, endeavourX, to improve the experiences offered within the Group’s stores and pubs. Fortress Sydney is
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The ACCC has ruled Australia’s largest publican is allowed to proceed with the acquisition of the Beachfront Hotel. News came in May 2022 that Endeavour Group (ASX:EDG) had signed to buy the popular hangout just north of Darwin. The deal was one of the first for the board of the newly-listed entity. “It is an
Iconic watering hole of central Brisbane the Victory Hotel will soon close, as ALH steps away from its long-term lease. Built 1855, on the corner of Edward and Charlotte streets in the Brisbane CBD, the pub is popularly known as The Vic, but was originally dubbed the Prince of Wales. It has been on the
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