Tag ArchivesAustralia

Ian Matthews, Head of Business Development at Bravura

Woolworths’ Australian struggles overshadow good investment opportunities

David Jones continues to present problems for Woolworths; this time much closer to home. Last week, the company announced that it would be rebranding the David Jones clothing label under its own Classic Collection brand.  This is yet another setback that presents itself in what has been a series of unfortunate events for the company […]

Read full story
Germien-du-Plessis1

Woolworths and its woes down under

  South African companies expanding into Australia are again making headlines, this time with Woolworths announcing that it faces an impairment charge for David Jones of A$712.5 million (R7 billion). Woolworths acquired David Jones for R23.3 billion in April 2014, concluding the largest Australian deal at that time by a South African retailer. Now, with […]

Read full story