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Shareholders will be the beneficiaries of Woolworths Group selling five per cent of its stake in Endeavour Group. The block trade, at $5.22 per share, will raise $468 million, with Woolworths saying the proceeds would be returned to shareholders.
Coles Group reported a 5.1 per cent increase in sales revenue to $9.1 billion in 3Q24, with comparable sales growth of 4.2 per cent. The Group’s third-quarter sales up 3.4 per cent to just over $10 billion.
From a chance tasting in Los Angeles to seeing a gap in the Australian market, Emlyn Gavin and Oliver Budniak set about creating Australia’s first alcoholic kombucha, Bower Hard Kombucha. Pippa Haupt spoke to Emlyn Gavin.
