ASX:EDVConsumer Retailing
Endeavour Resets Pinnacle Drinks As Share Price Trails Valuation Estimates
Endeavour Group (ASX:EDV) is restructuring its Pinnacle Drinks business, including a review of its winery footprint and operations.
The group plans to sell the Oakridge wine brand and exit or sell other non core winery assets.
Winery operations are being consolidated to focus on a tighter set of beverage assets within the Pinnacle portfolio.
For investors watching Endeavour Group, this reset follows a period of share price weakness. The stock closed at A$2.86, with the share price down 7.4%...