In a written statement, Woolworths would not be drawn into commenting on the possible sale of the ailing business, saying it does not comment on"media or market speculation".
"WHL [Woolworths Holdings Limited] remains focused on the operational turnaround of David Jones and ensuring that this iconic business is restored to its rightful market leadership position in Australia,” the retailers clarified. wrote that the South African retailer was in talks with banks to sell the department store. The Woolworth share price rallied over 4% amid the speculation.
Woolworths has since changed leadership, with former CEO Ian Moir who spearheaded the acquisition exiting and current CEO Roy Bagattini focusing on turning the business around.
Fin24 Only now ? Non profit department should be closed.
Fin24 May God continue to bless you Mrs LindaStouffes I never beblieve it's going to work out because I have lost a lot in different places I know one day they will face the judgment. I really appreciate LindaStouffes