As it approaches the fourth anniversary of its demerger from Woolworths, Endeavour Group, the $7.2 billion owner of Dan Murphy’s and BWS retail brands and more than 300 pubs, is fighting to win back investor confidence.
The shares are down nearly 37.5 per cent, a permanent CEO is nowhere in sight, and sell-side analysts returned from a March event with little to report in terms of a sales recovery.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
