Wine industry collaboration delivers innovative sustainable packaging solution for Australian sparkling wines
May 14th, 2021
A new sustainable wine bottle developed in South Australia is set to reduce hundreds of tonnes in packaging every year – and that’s just the beginning!
Endeavour Group’s wine bottling and packaging arm Vinpac International has partnered with Australian glass packaging company Orora on a new lightweight 750ml sparkling bottle – the first of its kind in Australia.
“To have an Australian-made innovative sustainable packaging option for our customers is important to us. By collaborating with Orora to produce a lighter weight sparkling bottle solution that will provide a combination of commercial and environmental benefits for our customers is really exciting,” said Vinpac International’s Commercial Manager James Vallance.
1:13 PM
After confirmation of the proposed demerger, investors will be asking: Do I retain my Woolworths shares and/or hold shares in the newly-formed Endeavour Group?
-Scope for both Endeavour Group and Woolworths to re-rate
-Potential return of $1.6bn-$2.0bn to shareholders
-Positive outcomes for demergers since the year 2000
By Mark Woodruff
As first announced in July 2019, Woolworths ((WOW)) has confirmed it will be proceeding with the demerger of Endeavour Group subject to shareholder approval at an Extraordinary General Meeting on June 18. If approved, the demerger will create two independent ASX-listed companies with Endeavour Group likely to be a top ASX50 company.
Woolworths to return up to $2b if drinks split approved
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Woolworths plans to hand back as much as $2 billion if shareholders approve the $12 billion demerger of its drinks and hotels business and could return even more capital if the newly independent Endeavour Group is embraced by investors.
Woolworths chief executive Brad Banducci hopes the long-awaited demerger, which was proposed in July 2019 and postponed when venues had to close because of the pandemic, will be as successful as Wesfarmers’ demerger of Coles.
Endeavour CEO Steve Donohue and Woolworths’ CEO Brad Banducci.
Dallas Kilponen/Woolworths
The Coles demerger created more than $16 billion in value for shareholders and enabled Wesfarmers to subsequently sell two-thirds of its stake for more than $2 billion in less than 18 months.
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Woolworthsâ Endeavour mulls Oakridge Wines
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Woolworthsâ Endeavour Group is close to buying Yarra Valley winemaker Oakridge Wines from corporate power couple Ilana Atlas and Tony DâAloisio, building up its cellar ahead of a $10 billion demerger in June.
The acquisition, which is expected to be announced as early as Thursday, will strengthen Endeavour Groupâs growing portfolio of fine wines. However, as Endeavour moves further up the value chain, making as well as selling wine, it is increasingly competing against its major suppliers.
Woolworthsâ Endeavour Group is close to buying Tony DâAloisioâs Oakridge Wines.Â
John Woudstra