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 sales for the quarter of $3.028 billion, which is 3.1pc higher than FY22. Sales for […]
ENDEAVOUR Q1 RESULTS HERALD STRONG REBOUND IN PUBS Read More »
Australia’s largest publican, Endeavour Group, has announced strong results for its first year as a stand-alone entity. Listing on the ASX mid-2021 (ASX:EDG), the former Woolworths Group subsidiary counts around 340 hotels and clubs across the country, and major retail liquor brands Dan Murphy’s and BWS. Total sales across the Group were in line with
Endeavour Group has grabbed the youth vote by the horns at the Ramsgate Hotel, riding a viral wave on the so-called ‘milk challenge’. Henley is one of Adelaide’s most popular beachside destinations, just 10 kilometres from the CBD, and the Ramsgate Hotel opened in 1897 to serve beer to the masses, in front of a
Charter Hall and Hostplus have teamed again to pay around $1.7 billion for the entire portfolio of ASX-listed ALE – the previous largest pub landlord in the land. Funds manager Charter Hall has secured purchase of ALE (ASX:LEP) through the listed Charter Hall Long WALE REIT (ASX:CLW) and with ongoing real estate partner Hostplus, for
Surging demand for premium non-alcoholic alternatives, both in Australia and overseas, is spawning further innovation and groups such as Australian Venue Co to hone in on the evolving market. While the alcoholic drinks category saw a volume decline of 1.4 per cent in Australia over the past year, no- and low-alcohol volume increased by 2.9
More than a year after its announcement, ALH’s Forest Hotel at Frenchs Forest officially opened today, forming the cornerstone of parent company Endeavour Group’s $45 million redevelopment of the former Parkway Hotel site. “The day is finally here, and our doors are OPEN!” came the cry on social media. Built to replace popular live music
Woolworths has finally announced strategy to divest its contentious Hotels division, to be coupled with its key liquor division, leaving the future of Australia’s biggest drinks-hospitality group dithering. ASX-listed Woolworths (WOW) today released details of its plan to merge Endeavour Drinks and Australian Leisure & Hospitality Group (ALH) into a combined entity, Endeavour Group Limited
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