Endeavour board backs down on Wavish AGM vote
After discussions with the ASX, Dan Murphy’s owner Endeavour Group has backed down and will allow shareholders to vote on the election of Bill Wavish to the board.
After discussions with the ASX, Dan Murphy’s owner Endeavour Group has backed down and will allow shareholders to vote on the election of Bill Wavish to the board.
The owners of Country Road, Trenery, Mimco and Witchery will invest up to $82m to open new stores and potentially expand overseas.
The civil war within the Endeavour board, which has quickly turned into an unedifying public spectacle, was partly sparked over pokies trading hours as warring camps circle each other.
Peter Hearl has accused the group’s major shareholder and pubs billionaire Bruce Mathieson Snr of not presenting a ‘balanced or accurate view’.
Pub baron Bruce Mathieson has launched an extraordinary attack on Endeavour chair Peter Hearl and his board, which could mushroom into a legal war and proxy battle.
The housing and industrial property crisis is a threat to the economy and Sydney’s logistics property market is the worst of any capital in the world, says Brickworks’ Lindsay Partridge.
Billionaire retailer Solomon Lew’s fashion conglomerate has warned of a challenging trading environment after cost of living pressures slugged shoppers through the fourth quarter.
Retail veteran Roger Corbett says Dan Murphy’s has ‘lost its mojo’ and has ‘bewildering’ pricing as he backs Bill Wavish in the civil war that has engulfed Endeavour Group.
Former Myer chairman Bill Wavish is seeking legal advice on his next steps to attempting to secure a seat on the board of Dan Murphy’s drinks chain owner, Endeavour Group.
A civil war is set to erupt within the boardroom of Dan Murphy’s owner Endeavour Group as retail veteran Bill Wavish wins support of pubs baron Bruce Mathieson to join the board.
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