Why it matters: Endeavour Group owns 354 hotels with 12,700 poker machines and a large liquor retailing arm with 266 Dan Murphy’s stores and 1435 BWS outlets.
Director Bruce Mathieson jnr says he was excluded from board meetings and did not approve a shareholder letter.
Pubs billionaire Bruce Mathieson Snr, who owns 15 per cent, is threatening legal action if he doesn’t gain access to certain Endeavour board documents.
Endeavour Group director Bruce Mathieson jnr, the son of pubs billionaire Bruce Mathieson, says he was excluded from board meetings and “misrepresented” as supporting a letter to shareholders which rejected criticisms of the company made by his father.
The junior Mr Mathieson said on Wednesday that he was not invited to meetings, nor did he approve the content of the letter to shareholders and the investor slide deck which were published on October 10 on the ASX.
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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
Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
