Woolworths (ASX:WOW) defers spin-off of Endeavour drinks

Company News

by Rachael Jones

Woolworths (ASX:WOW) has deferred the separation of Endeavour drinks spin-off until 2021.

CEO Brad Banducci has closed the group's hotels business in line with federal government directives to shutdown non-essential business.

In recent weeks, sales growth across the Group’s retail businesses has been strong (with the recent exception of Hotels).

They are not able to provide a 2019-20 Covid-19 impact estimate at this time.

Shares in Woolworths (ASX:WOW) are trading 0.93 per cent lower at $36.11.