Explore the latest developments concerning Endeavour books $372m.
Dan Murphy’s owner flags big profit drop as Hrdlicka plots turnaround
Bottle shop and pubs owner Endeavour has flagged a sharp decline in annual profit as chief executive Jayne Hrdlicka’s long-term plan to turn around the struggling company inflicts short-term pain from a jump in writedowns and restructuring costs.
The nation’s largest liquor store operator, which owns the Dan Murphy’s and BWS chains, expects to report net profit of around $52 million for the year to June 28, down from $426 million in the prior year, after disclosing a bigger-than-expected $331 million charge for significant items.
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Iconic McLaren Vale Chapel Hill Estate up for sale
One of the jewels in the crown of McLaren Valeâs wine region, Chapel Hill Estate, is looking for a buyer, offering someone the chance to expand their current portfolio, or sink their teeth into a multifaceted business opportunity.
The property is set on Chapel Hill Rd in McLaren Vale and, according to its listing, âcombines heritage, hospitality, accommodation, agricultural assets and substantial built infrastructure within one of South Australiaâs most highly regarded tourism and lifestyle destinations.â
âThe unique combination of a heritage-listed chapel, guest accommodation, event facilities, cellar door, commercial kitchen, established vineyards and extensive infrastructure creates a foundation for a diverse range of future opportunities,â its listing reads.
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