Endeavour Group is expanding its fine wines portfolio, and boss Steve Donohue says shoppers are more than happy to splash out on a good drop
The boss of drinks retailer Endeavour Group says fans of quality beverages are still more than willing to spend on a good drop, as the company snaps up iconic Margaret River winery Cape Mentelle for its fine wine portfolio.
Endeavour has worked to get a foothold in the premium wines market over the past four years since buying the Chapel Hill business. The Cape Mentelle deal is the company’s eighth purchase.The company is upbeat about the brand strength of Australian vineyards both for domestic consumers and overseas, even in the face of rising cost of living pressures across the board.
Endeavour Group CEO Steve Donohue said “relative to some other indulgences”, alcohol was remaining affordable.The pub meal has also been a winner for the company over the summer period with a strong bounce-back in its pubs business.
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