Acquirer(s)
- Endeavour Group Limited
Target(s)
- Prince Consort Hotel
Summary
Endeavour Group Limited (Endeavour) proposes to acquire the Prince Consort Hotel and associated bottle shop, Prince Cellars, located at 220-230 and 234 Wickham Street, Fortitude Valley in Queensland.
Endeavour is a major Australian alcoholic drinks retailer and hotel operator. It operates two hotels (the Brunswick Hotel and Hello Gorgeous) within 2km of the Prince Consort Hotel. Endeavour also operates 9 bottle shops within 1.5 km of Prince Cellars at the Prince Consort Hotel, and 7 liquor stores within a 1 km radius of Prince Cellars, including BWS Valley Central and BWS Fortitude Valley within 300 m of Prince Cellars.
The Prince Consort Hotel consists of the hotel which offers on-premises food and beverage consumption, live music and entertainment, gaming and wagering, function services and an attached bottle shop, Prince Cellars.
Competition analysis
The ACCC published a Statement of Issues outlining preliminary competition concerns in relation to the proposed acquisition.
On 9 April 2024, the ACCC discontinued its public review after Endeavour advised that the proposed acquisition would not be proceeding.
Market inquiries
| Document title | Date | |
|---|---|---|
| Endeavour_Prince Consort - Market inquiries letter |
Statement of issues
| Document title | Date | |
|---|---|---|
| Endeavour_Prince - Statement Of Issues - 14 December 2023 |
Timeline
| Date | Event |
|---|---|
ACCC commenced review under the Merger Process Guidelines. |
|
Closing date for submissions. |
|
ACCC published a Statement of Issues outlining preliminary competition concerns. |
|
Closing date for submissions relating to Statement of Issues. |
|
Timeline suspended pending receipt of information from Endeavour. Former provisional date fro announcement of ACCC's findings (21 March 2024) is delayed. The ACCC will announce a proposed decision date in due course. |
|
ACCC discontinued its public review after Endeavour advised that the proposed acquisition would not be proceeding. |