Woolworths

AVC HALTS IPO AND ALH KICKS OFF

Posted on May 10th, 2021 by Clyde Mooney
AVC has announced it has postponed its IPO, as Sydney flares and the Woolworths-backed ALH takes another step on its run to the ASX. Australian Venue Co, majority owned by New York investment bankers KKR, formally announced a halt to

WOW PROFIT SLUMP BLAMED ON PUBS

Posted on August 28th, 2020 by Clyde Mooney
ASX-listed supermarket giant Woolworths has reported a major profit reduction in its full year results for FY20, largely under the weight of the ALH portfolio being closed for months. Woolworths Group (ASX:WOW) chief executive Brad Banducci offered that earnings had

WOOLWORTHS OUTLINE ALH SALE

Posted on July 3rd, 2019 by Clyde Mooney
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

WOOLWORTHS’ ALH SELL-OFF DILEMMA

Posted on June 24th, 2019 by Clyde Mooney
Speculation is rife Woolworths and the Mathieson family are poised to announce sell-off of the $3.6 billion ALH pubs portfolio. Senior management of Woolworths Group and Bruce Mathieson Jr are believed to be back at the negotiating table, discussing plans

REGULATORS CIRCLE AS ALH INVESTIGATION FINDS IMPROPRIETY

Posted on August 6th, 2018 by Clyde Mooney
An internal investigation mandated by Woolworths senior management regarding ALH gaming practices has already prompted dismissals, and is key to ongoing investigations by regulators in three states. Earlier this year accusations emerged through the office of Tasmanian independent MP Andrew

ALH IN DAMAGE CONTROL FOLLOWING WILD ACCUSATIONS

Posted on February 28th, 2018 by Clyde Mooney
Fairfax has published a damning expose on the alleged workings of Woolworths-backed ALH and its approach to optimising gaming revenue through patron monitoring and inducements. Yesterday’s story in the Sydney Morning Herald alludes to a company-wide system of recording and

2017 RESULTS PROPHETIC FOR A-GRADE A-REIT ALE

Posted on February 16th, 2018 by Clyde Mooney
The biggest landlord to Australia’s biggest publican reports strong half-yearly results, boding well for the industry and commercial interests. Listed A-REIT ALE (ASX: LEP) released end of 2017 results Wednesday, showing distributable profit down slightly (three per cent) but distributions

FULL YEAR RESULTS: INSIGHT ON HOSPITALITY PROPERTY AND PRODUCT

Posted on August 25th, 2017 by Clyde Mooney
Woolworths’ and Charter Hall’s full year profit results offer perspective on the big-picture health of the hospitality and liquor markets. Australian supermarket giant Woolworths, 75 per cent owner of the country’s largest pub group, ALH, continues its bold recovery plans

WOW FIGURES SHED LIGHT ON ALH DILEMMA

Posted on August 26th, 2016 by Clyde Mooney
Australia’s biggest pub operator is the crux of a profitability dilemma for its majority owner Woolworths, as the supermarket giant weighs up bottom line and a PR crisis. Woolworth Limited (ASX: WOW) yesterday announced its full year results for FY16,