Endeavour chairman seeks ‘resolution’ with pubs billionaire

Carrie LaFrenz and Simon Evans

Updated Oct 31, 2023 – 4.34pm, first published at 10.52am

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Already a subscriber?

Endeavour chairman Peter Hearl has no intention of relinquishing the top board seat at the pubs and liquor retailer, but admitted that “there is much more to do” to restore its sagging share price and repair its relationship with No.1 shareholder Bruce Mathieson.

He accused the pubs billionaire of exerting “disproportionate control over Endeavour without paying for it” and of using incomplete information to destabilise the company, in Mr Mathieson’s campaign to shake up the board.

Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club.

Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide.