01The Drinks Business·
Endeavour Group axes 80% of Australian vineyards, profit crashes AU$374m
- Sydney-based Endeavour Group, Australia's largest liquor retailer and winery owner, will sell most Australian vineyards and wineries to cut grape growing by 80 percent.
- CEO Jayne Hrdlicka announced the group will shift to buying 99 percent of bulk wine and grapes from external growers instead of using estate fruit.
- Profit forecast plummets from AU$426 million in 2025 to AU$52 million in 2026 after AU$311 million in asset writedowns and restructuring charges.
- Endeavour is selling Chapel Hill in McLaren Vale, Oakridge in Yarra Valley, and Josef Chromy in Tasmania, but retaining Cape Mentelle and Dorrien Estate.
- The divestment reflects broader Australian wine sector collapse: exports hit a 22-year low and the 2026 harvest fell 19 percent year-on-year.
Reported byThe Drinks Business