Woolworths exits Endeavour Group three years after spin-off. Credit: JHVEPhoto/Shutterstock.

Australian supermarket chain Woolworths has agreed to offload its remaining 4.1% stake in Endeavour Group, the owner of liquor store chain Dan Murphy’s and BWS bottle shops. 

The move marks the end of Woolworths’ long-standing relationship with Endeavour, three years after the spin-off. 

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Woolworths will sell its remaining stake via a block trade for A$5.23 apiece to generate A$383m ($258.75m). 

It plans to use the proceeds from the sale to finance the acquisition of the remaining 35% stake in PFD Food Services. 

Woolworths had initially merged its hospitality and liquor operations into Endeavour Drinks in 2019, retaining an 85% stake post-spin-off.  

Since then, Woolworths has been reducing its share in Endeavour, including a significant A$636m stake sale in 2022, as part of its strategy to transition from ownership to partnership. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In May 2024, the retailer also divested another 5% of Endeavour for A$468m.  

In a separate development, BIG W, the discount department store chain owned by Woolworths, is revamping its clothing ranges. 

The overhaul follows an 18-month journey of customer, industry and quality research.  

In response to customers’ opinions on garment fit, the retailer has launched 82 new and improved products across women’s and men’s basics.   

The product development teams of BIG W are collaborating with real customers and team members to discover improvement opportunity on fit, size consistency and the comfort of clothing. 

Woolworths reported total sales of A$67.92bn ($46.09bn) in fiscal 2024 (FY24), up 5.6% and 3.7% on a normalised basis compared to A$64.29bn in FY23.