Independent Liquor has refuted suggestions that they may be the subject of a takeover by retail giant Woolworths, advising that the private equity groups behind the company were keen to continue with expansion plans before contemplating a sale. “We’re not selling the business and we have no intention of selling the business,” Independent Liquor Chief Executive, Peter Murphy, told The Australian. “We have a very detailed plan on operational improvement and we have some way... ...Read more »

Rumours abound of interest from Australia’s largest supermarket operator in the nation’s market share leader in RTD (ready-to-drink) alcoholic beverages, as they look to give their private share alcohol products a boost. Fairfax has today reported that Woolworths has been exploring the possibility of a purchase of, or strategic alliance with, Independent Liquor. The report suggested the private equity-owned group would be worth in the vicinity of $700 million (NZ$873m), just three years... ...Read more »