Endeavour Group, which owns Dan Murphy's and BWS, announces it will step away from some key vineyards and wineries in South Australia, Victoria and Tasmania, and close a major South Australian bottling plant.

The owner of the Dan Murphy’s liquor chain will cut its dividend payout and offload non-core wine assets to improve profitability.

Endeavour group is dumping some of its prestige wineries and switching its focus to lowering costs. But can “Ms Execution” convince sceptical investors?