Endeavour Group appoints new CEO
Australian retail, wine and spirits brands major Endeavour Group has appointed Jayne Hrdlicka as its new CEO and managing director.
Hrdlicka will take the reins from Ari Mervis, who stepped in as executive chairman following the departure of former CEO Steve Donohue in March.
Donohue, who had served as CEO since 2018, announced his decision to step down in September.
Arvis was appointed as Endeavour's new chairman in January, following shareholder tension at its AGM the previous October.
In a statement announcing Hrdlicka's appointment, Endeavour said the move, intended 'to deliver the company's next phase of growth', would take effect from 1 January 2026.
Until Hrdlicka officially takes on the role, she has agreed to be available to meet 'frequently' with the business to support discussions on 'key business and strategic matters", Endeavour said.
Commenting on the news, Mervis said: 'Jayne has a proven track record leading consumer-facing businesses to success. She has led many complex organisations and delivered significant shareholder value by capturing the true potential of a company's brands and assets.
'The board believes Jayne is the ideal candidate to lead Endeavour Group through its next phase of both growth and transformation,' he added.
As CEO and managing director of airline business Virgin Australia, Hrdlicka oversaw the company's recovery from administration following the onset of the Covid-19 pandemic.
Her previous roles include CEO and managing director of the A2 Milk Company and Group CEO of Australian airline company Jetstar.
From 2010 to 2016, Hrdlicka was a non-executive director at Woolworths Group, which then housed various liquor brands of Endeavour Group and the ALH Hotel Group.
Reflecting on her appointment, Hrdlicka said: 'Endeavour Group is an extraordinary company with an unmatched portfolio of brands and assets in its core categories.
'I have a long history with Endeavour's retail and hotel businesses, initially as a consultant to Woolworths, including on their early liquor strategy, and then as a Woolworths Group board member.'
The retailer, drinks producer and hotel business was established in 2018, following the merger of ALH Hotel Groups and Endeavour Drinks.
Endeavour's drinks portfolio includes Australian and New Zealand winemakers Paragon Wine Estates, wine, beer and spirits distributor Pinnacle Drinks and Australian fine wine retailer Langtons.
The group also owns the Australian liquor store chains Dan Murphy's and BWS, among other retail and hospitality brands.
"Endeavour Group appoints new CEO" was originally created and published by Just Drinks, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Tariff Fallout Hits LA Port: Cargo Decline Leaves Half of Dockworkers Idle
Dockworkers at the Port of Los Angeles are seeing a shortage of work opportunities due to the decline in cargo entering the California gateway as Chinese exports to the U.S. continue to plummet. Nearly half of the longshoremen who support operations at the port went without work over the past two weeks, Gene Seroka, executive director of the Port of Los Angeles, told The Los Angeles Times in a Saturday report. More from Sourcing Journal Hapag-Lloyd Bookings Double on China-US Route in Weeks After Tariff Truce Guess Limits Tariff Impact to Less Than $10M, Adjusts Sourcing and Buying Strategies US Trade Deficit Contracted in April Amid Tariff-Driven Import Paralysis Over the last 25 work shifts, which span roughly two weeks, only 733 jobs per day were available for 1,575 longshoremen looking for work. The cargo decline has stemmed from President Donald Trump's tariffs on U.S. trading partners initially imposed in April, led by duties on Chinese goods that at one point reached 145 percent. In the wake of those tariffs, American companies had been cancelling import bookings, while ocean carriers on the trans-Pacific trade lane from Asia to the U.S. West Coast began blanking sailings. In May, 17 cargo ships canceled their planned trips to Los Angeles amid the plummeting demand. Although China is just one of the dozens of countries slapped with tariffs on its exports, the magnitude of products flowing from the country to the U.S. gives it a more outsized role on the trade lane and at the Port of Los Angeles itself. About 40 percent of imports that pass through the terminals at the port originate from China, Seroka said in April. In May, China's exports to the U.S. had their sharpest drop in five years—since the early stages of the Covid-19 pandemic—to $28.8 billion, according to customs data. The 34.5 percent decline was the second-biggest pullback on record after the 54 percent collapse in February 2020 as the pandemic upended global trade. The May export drop has been reflected in the decline in cargo at the Port of Los Angeles. While the California gateway has not yet released official statistics for May, the port processed 25 percent less cargo than forecast for the month, according to Seroka. With less cargo comes fewer work opportunities. The 733 'job orders' are a significant decline from the usual range between 1,700 and 2,000 job orders posted during a typical day shift. For night shifts, 1,100 to 1,400 opportunities are typically posted. At the Port of L.A., terminal operators post available work opportunities, known as job orders, on a digital board three times a day. Dockworkers can review the job orders at each shift and bid on the jobs they want to take. If there are more longshoremen than job orders, a portion of them will go without pay. 'They haven't been laid off, but they're not working nearly as much as they did previously,' Seroka told The Times. 'Since the tariffs went into place, and in May specifically, we've really seen the work go off on the downside.' Concerns over the lighter cargo loads have been apparent in industries across the supply chain impacted by port throughput, including trucking and rail, which are tasked with transporting the cargo to warehouses. Retail businesses that would otherwise be taking in these deliveries also remain concerned about the impacts, particularly SMBs that may not have had the luxury of front-loading goods into the U.S. However, the 90-day rollback of the China tariffs in early May has since resulted in a rapid rush to bring goods into the U.S. ahead of a new Aug. 14 negotiation deadline, which could ultimately result in a flood of containers into the Port of Los Angeles and its sister port, the Port of Long Beach. Hapag-Lloyd said it saw bookings out of China more than doubled in the three weeks after the trade truce went into effect, illustrating just how dramatic the swing has been. Such excess ordering, alongside an increase in trans-Pacific ocean freight capacity in line with demand, sets U.S. ports up for another likely escalation in freight handling. This would benefit the dockworkers and result in an increase in job orders across ports once the first wave of post-tariff truce container vessels start to reach the U.S. later this month. Although analysts have predicted that the San Pedro Bay ports could see record traffic across June and July due to the increased capacity from Asia to North America, Seroka has continually held a more reserved viewpoint about possible impacts on Los Angeles. 'The June numbers that we're projecting right now are nowhere near where they traditionally should be,' Seroka said.
Yahoo
an hour ago
- Yahoo
World's beef eaters facing major price hikes ahead of barbecue season
Carnivores will likely need deeper pockets this year as global beef supplies tighten and prices head up again, in turn meaning more expensive barbecues, burgers, bolognese and steak dinners. "Global beef production is expected to contract through the remainder of the year, with an overall contraction of 2% projected for the year," according to Angus Gidley-Baird of RaboResearch, part of Dutch lender Rabobank. Some of the world's major cattle and beef producer countries expected to be affected, Gidley-Baird said, with "largest contractions" expected in Brazil and New Zealand, while Europe, the US and China are also likely to see reductions. Even if other suppliers such as Australia and Argentina remain unaffected, the contracting supplies elsewhere are likely to see the "further supporting" of already "elevated" cattle prices. Not only are global cattle markets "trending higher" this year, prices in Europe have seen an "especially strong rise in Q1 [the first quarter of the year] as domestic supplies contracted while demand remained strong." Pests and diseases are affecting cattle supplies in Europe and North America, according to the researchers, who said that although beef has not been mentioned as a commodity to be targeted for tariffs beyond the impact of general or "baseline" measures, the prospect of further trade tensions has seen some reconfiguring of markets. "Reports are emerging that Chinese buyers are looking more toward Australian, New Zealand and South American suppliers as US beef becomes unavailable or more expensive," Rabobank's researchers said. The report follows warnings in some countries that the price of "conventional" beef has reached that of usually more expensive organic beef. This time of year usually sees seasonal high demand and high prices for beef as the 'barbecue season' associated with European and North American summers approaches. Global food prices already saw significant increases during Covid lockdowns and in the wake of the invasion of Ukraine by Russia in 2022, a war pitting two major food commodity producers against each other. Prices for the most part have not returned to their pre-2020 level, with recent reports warning of further rises for staples such as coffee, cocoa, olive oil and sugar.
New York Post
2 hours ago
- New York Post
Here are the US cities where buyers can still get a home for $300K — or less
The fondly remembered real estate market of 2019 still exists, if you know where to look. Before the COVID-19 pandemic rocked the country's housing markets, median sale prices under $300,000 were the national norm. The typical US home today, however, costs buyers well over $400,000. While homeownership feels out of reach for many Americans, frugal buyers should check out these cities for the most affordable options. Advertisement 6 First-time homebuyers along the West Coast and in the Northeast are out of luck — affordable listing prices are heavily concentrated elsewhere. Louis-Photo – 6 Detroit's housing market is known for its affordability — including these shipping container homes offered at steep discounts. UCG/Universal Images Group via Getty Images More than 140 locations across the US boast median listing prices $300,000 or less, including more than a dozen metros, according to new data. Economists documented a high concentration of affordable buyers' markets still thriving in the South and the Midwest. Advertisement While that's not happy news for city dwellers in New York or Boston, where high density and high demand mean ever-increasing prices, buyers looking in cities like Detroit are in luck. The Motor City topped the list of most affordable metros with median listing prices of $109,000. Detroit's economy is leaps and bounds ahead of where it was a decade ago, yet the housing market remains undervalued. The typical homeowner in Detroit spends less than 20% of their income on housing expenses, according to the US News Housing Market Index. The national average is more than 30%. 'Some of these cities, such as Detroit or Baltimore, have gone through challenging periods,' said Hannah Jones, senior economic research analyst at 'However, recent investment and growth have put them back on the map as appealing, affordable places to put down roots.' 6 The median listing price for a home in Birmingham, Alabama is a mere $181,500. Robert Hainer – Advertisement 6 St. Louis is number three in affordability, with typical listing prices just shy of $200,000. Getty Images 6 With a median listing price of $289,999, Philadelphia ranks high in affordability in the northeast. Christian Hinkle – Median prices under $200,000 can also be found in Birmingham, AL and St. Louis, MO. While the West Coast notched no spots and the Northeast barely appeared beyond Pennsylvania, the South looked mighty affordable in the roundup. More than a dozen Southern metros clocked in under the $300,000 mark, including Memphis, TN at $218,200 and Oklahoma City at $285,855. Advertisement Major cities like Baltimore, Indianapolis, Pittsburgh and Memphis also made the under-$300,000 list. Affordability could even be found even in popular Florida and Texas metros. 6 Southern states dominated the list with cheap home prices, even in popular locales throughout Florida, Texas and Tennessee. luisrojasstock – In Florida, median sales prices in Clearwater, Jacksonville and Ocala came in just under $300,000. The Sunshine State enjoyed a real estate boom over the last several years, but recent sluggish sales point to a new cooling off period. Texas buyers should take a look at the highly affordable homes in Lubbock, El Paso and San Antonio to get the best bang for their buck. Housing inventory in the two popular states has rebounded beyond pre-pandemic levels, according to helping to lower once-surging listing prices. The housing market is still far away from bridging the country's affordability gap, but slowing sales trends — including the fact the sellers now outnumber buyers for the first time in more than a decade — suggest the beginning of the end to the runaway growth of the 2020s housing market.
