Pubs baron Bruce Mathieson says Endeavour Group has presided over a “chaotic” and unfair process and shareholders need more clarity.
Endeavour Group owns 354 pubs, 266 Dan Murphy’s stores and 1435 BWS liquor outlets and its largest shareholder isn’t happy with its performance.
Pubs billionaire Bruce Mathieson wants a delay in Endeavour Group’s annual meeting and for fresh information to be sent to the hotels and liquor retailing group’s 422,000 shareholders, as hostilities between the two groups worsened. Mr Mathieson owns a 15 per cent stake in Endeavour, which runs 354 hotels, 266 Dan Murphy’s liquor stores and 1435 BWS liquor stores.to gain a seat on the Endeavour board and help arrest a declining share price at the company which split off from Woolworths in 2021.
“In summary, the chaotic and misleading way that Endeavour has communicated with shareholders about Mr Wavish’s nomination means that the process has been tainted in a way that would make it grossly unfair for Mr Wavish’s nomination to be put to a vote without a reset,” the letter stated.
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