Masters sees losses widen, shortening odds of a Woolworths exit
Catie LowReporter
Updated
Masters Home Improvement stores are losing $78,000 a week based on the latest losses reported by the embattled hardware operation's US joint venture partner Lowe's.
Based on Lowe's latest financials reported overnight in the US, Deutsche Bank estimates the Masters JV lost $67.5 million before tax in the first quarter of fiscal 2016.
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