Woolworths’ Endeavour Group is close to buying Yarra Valley winemaker Oakridge Wines from corporate power couple Ilana Atlas and Tony D’Aloisio, building up its cellar ahead of a $10 billion demerger in June.
The acquisition, which is expected to be announced as early as Thursday, will strengthen Endeavour Group’s growing portfolio of fine wines. However, as Endeavour moves further up the value chain, making as well as selling wine, it is increasingly competing against its major suppliers.
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Sue Mitchell writes the fortnightly Window Shopping column for the Financial Review and has covered retailing for over 30 years. Connect with Sue on Twitter. Email Sue at smitchell2045@gmail.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
