Cairns lifts Woolies holding
Chairman Gordon Cairns spent $120,000 on Woolworths stock the day after Lowe’s legal salvo over Masters.
Chairman Gordon Cairns spent $120,000 on Woolworths stock the day after Lowe’s legal salvo over Masters.
A huge shift in the economics of employing people is occurring and our largest employers are in the firing line.
Moody’s has warned David Jones’ food expansion may weaken Coles and Woolworths’ market share.
The Masters fallout reveals cracks in what were assumed to be the solid foundations of joint venture agreements.
The small-business lobby has called for an inquiry into pay deals between major retailers and the SDA.
US retailer Lowe’s says Woolworths has no authority to wind up their failed Masters joint venture without its consent.
Graham Bradley is set to stand down after 11 years chairing the shopping centre owner.
US giant Lowe’s says Woolworths is negotiating the liquidation of their Masters joint venture without legal authority.
Former hardware partners turned adversaries US retail giant Lowe’s and Woolworths will face off in court today.
The craft brewer plans a return to its independent roots, following the supermarket giant’s exit.
As the Masters breakup scrap heads to court, widespread confusion is clouding the complex property moves.
Lowe’s yesterday blasted partner Woolworths for “oppressive conduct’’ and acting in “bad faith’’ over Masters.
The legal dispute between Lowe’s and Woolworths may put private equity firm Blackstone back in the race for Masters.
The full extent of the Masters debacle was underlined yesterday when Lowe’s took legal action against Woolworths.
It’s obvious that what Lowe’s wants is a far cry from what Woolworths thinks it should get.
The author of the Masters property buyout says Lowe’s is trying to squeeze money from Woolworths.
Court action by US hardware giant Lowe’s could scupper Woolworths’ deal to pull the plug on its Masters business.
Woolworths was the biggest advertiser during Channel Seven’s Olympic coverage, followed by McDonalds, Telstra, Toyota, Harvey Norman and Optus.
The slow-motion trainwreck of Woolworths’ Masters experiment is finally over.
Yoga, ocean swimming, mindfulness … whatever Woolies boss Brad Banducci is doing seems to be working.
Brad Banducci’s game plan is simple: cut margins to put pressure on price and lift sales and market share.
David Di Pilla, who spearheaded the acquisition of Masters stores, will start meeting prospective tenants today.
David Jones has proven a winner for South Africa’s Woolworths Holdings as it sharply lifted annual profit.
Woolworths supermarkets are operating at a lower profit margin to Coles for the first time in eight years.
Amid the flood of red ink, there were faint hints Banducci’s turnaround plan is gaining traction.
Woolworths has slumped to a $1.23bn loss as its once mighty supermarkets arm suffered a 40pc slide in earnings.
The Masters deal ends one headache for Brad Banducci, who must get Woolworths’ supermarkets back in shape.
Woolworths is likely to retrieve only a few million dollars from its disastrous push into hardware six years ago.
Finally — unbelievably — Woolies chair Gordon Cairns has slammed shut the book on the retailer’s disastrous Masters.
The lease deals struck with Bunnings, The Good Guys and JB Hi-Fi gave the Di Pilla-led group an edge over Blackstone.
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