Woolworths (ASX:WOW) defers spin-off of Endeavour drinks

24Mar

Woolworths (ASX:WOW) defers spin-off of Endeavour drinks

[videojs_hls url=’//du7x25at22z7c.cloudfront.net/275567/index_HLSv3.m3u8′ poster=’http://www.finnewsnetwork.com.au/newssystem/Headlines04_360_200324.jpg’]

 

Woolworths (ASX:WOW) has deferred the separation of Endeavour drinks spin-off until 2021.

CEO Brad Banducci has closed the group's hotels business in line with federal government directives to shutdown non-essential business.

In recent weeks, sales growth across the Group’s retail businesses has been strong (with the recent exception of Hotels).

They are not able to provide a 2019-20 Covid-19 impact estimate at this time.

Shares in Woolworths (ASX:WOW) are trading 0.93 per cent lower at $36.11. 
Copyright 2020 – Finance News Network


Source: Finance News Network

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