Why it matters: Endeavour Group owns 354 hotels, 266 Dan Murphy’s, and 1435 BWS outlets and is in a stoush with its largest shareholder, pubs billionaire Bruce Mathieson.
Chairman Peter Hearl accused the Bruce Mathieson Group of using “selective and incomplete” information which has the potential to confuse the 422,000 shareholders.
The Endeavour Group reinforced that it will recommend shareholders vote against the election of former Woolworths executive Bill Wavish to the board.
The chairman of pubs and liquor retailing giant Endeavour Group has hit back at 15 per cent shareholder Bruce Mathieson’s torrent of criticism, telling Endeavour’s 420,000 shareholders to be “wary of selective and incomplete information”.
Peter Hearl, who has been chairman of Endeavour since it split from supermarket operator Woolworths in mid-2021, declared the board was acting in the interests of all shareholders, not just one.
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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
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
Zoe Samios covers wagering and the business of sport from the AFR's Sydney newsroom. She was previously the media and telecommunications reporter for The Sydney Morning Herald and The Age, and covered media at The Australian. Connect with Zoe on Twitter. Email Zoe at zoe.samios@afr.com
