Woolworths Holdings of South Africa – the owner of department store David Jones and the Country Road Group – has dismissed speculation it is planning to exit its Australian operations.
A spokeswoman from the listed retail group in South Africa told The Australian Financial Review it is not mulling a sale of David Jones, which was purchased in 2014 for $2.1 billion and has underperformed ever since.
Loading...
Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
