Activist asset manager Tanarra Capital has taken a stake in Endeavour, the troubled hospitality group that operates Dan Murphy’s and BWS liquor chains and hundreds of pubs.
Tanarra Capital’s investment comes at a difficult time for Endeavour, which is without a permanent chief executive despite a six-month search. Ari Mervis has been appointed executive chairman and is undertaking a review of its various businesses, which extend to premium wine auction house Langton’s and a clutch of vineyards.
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