Activist asset manager Tanarra Capital has taken a stake in Endeavour, the troubled hospitality group that operates Dan Murphy’s and BWS liquor chains and hundreds of pubs.
Tanarra Capital’s investment comes at a difficult time for Endeavour, which is without a permanent chief executive despite a six-month search. Ari Mervis has been appointed executive chairman and is undertaking a review of its various businesses, which extend to premium wine auction house Langton’s and a clutch of vineyards.
Loading...
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
