• Endeavour Group (ASX:EDV) is restructuring its Pinnacle Drinks business, including a review of its winery footprint and operations.
• The group plans to sell the Oakridge wine brand and exit or sell other non core winery assets.
• Winery operations are being consolidated to focus on a tighter set of beverage assets within the Pinnacle portfolio.

For investors watching Endeavour Group, this reset follows a period of share price weakness. The stock closed at A$2.86, with the share price down 7.4% over the past week, 15.9% over the past month, and 22.3% year to date. Over the past year the share price declined 26.8%, and over three years it fell 48.8%, which frames the context for this decision.

This restructuring indicates a move to…