Woolworths shareholders have overwhelmingly voted in favour of demerging the Endeavour Group
The company has addressed how it failed to “listen effectively” in the store’s proposal.
The Woolworths Group’s payment platform Wpay launches as a stand-alone payments business that will offer end-to-end payment solutions to merchants outside of the group.
Woolworths Group directors unanimously recommended that shareholders approve the proposed demerger of the Endeavour Group.
The group has announced it will not proceed with the development of the controversial store.
Woolworths announces first quarter sales results including a strong performance from Endeavour Drinks.
After a strong first half of the year, Woolworths’ earnings were distorted in the second half as hotels closures and increased costs were partially offset by strong retail sales.
Despite a slow start to the quarter, recent surges have boosted Endeavour Drinks to finish strong with positive growth.
Woolworths has withdrawn their supreme court appeal after the introduction of the NT’s Liquor Amendment Bill 2020.
Following a COVID-19-led crash in the ASX on Monday retailers have rebounded as panic buying sets in.