Australia's Endeavour targets $215 million in cost savings, to exit majority of winery and vineyard portfolio
26/05/2026 23:44
Australia's Endeavour targets $215 million in cost savings, to exit majority of winery and vineyard portfolio May 27 (Reuters) - Australia's Endeavour Group EDV.AX on Wednesday unveiled a sweeping strategic overhaul targeting A$300 million ($215.01 million) in cost savings by 2029 and the exit from the majority of its existing winery and vineyard portfolio, as it seeks to drive long-term shareholder returns.
($1 = 1.3953 Australian dollars)
(Reporting by Rajasik Mukherjee; editing by Alan Barona)
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