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Is Woolworths unravelling in Australia?

15/02/2019 - 16:35

The sudden departure of two Australia-based nonexecutive directors of Woolworths has fuelled speculation that the troubled retailer will be forced to announce another huge write-down related to the R21bn acquisition of the David Jones department store. 

And while the board has reiterated its faith in CEO Ian Moir, the scale of the problems now facing the group and Moir’s evident inability to fix them suggest that furt... 

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