Woolies’ old guard leads the battle for Dan Murphy’s
Former Woolworths bosses Bill Wavish and Roger Corbett, and billionaire Bruce Mathieson snr, are demanding change at Dan Murphy’s owner Endeavour Drinks. An ugly battle looms.
Steve Donohue, chief executive of the $9.5 billion bottle shop and pub giant Endeavour Drinks, likes to describe the company as an amalgamation of businesses built by entrepreneurial founders, including the late Dan Murphy himself and Bruce Mathieson snr, the billionaire founder of the ALH pub empire.
But if that entrepreneurial DNA has been Endeavour’s blessing in the three years since it was spun out of retail giant Woolworths, it now looms as a curse.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
