The cost of separating Endeavour Group from Woolworths, the supermarket retailer that spun out its holdings in a string of liquor stores and pubs, could be as high as $570 million, internal documents show.
Endeavour, which operates the Dan Murphy’s and BWS bottle shop chains, along with six wineries and more than 350 pubs, has never disclosed the cost of the program and in August suggested it would have spent around $440 million on the separation plan by the middle of next year.
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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. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
