The Woolworths Group intend to separate the Endeavour Group

Company News

by Rachael Jones

The Woolworths Group (ASX:WOW) plans to combine its drinks and hospitality business, Endeavour Drinks and ALH Group, with the idea to eventually demerge it.

The single entity is expected to be referred to as Endeavour Group Limited with separation is expected to take place in calendar year 2020.

Woolworths Group and BMG have enjoyed a partnership in ALH since 2004.

Shares in the Woolworths Group (ASX:WOW) 0.27 per cent lower at $32.93 yesterday.
 

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?