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.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.