Woolworths (ASX:WOW) defers spin-off of Endeavour drinks
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.
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Source: Finance News Network