Woolworths writes down value of David Jones — again
The Australian department-store chain is now worth less than half its original purchase price in 2014
01 August 2019 - 08:28
UPDATED 01 August 2019 - 14:32
Woolworths has once again reduced the valuation of struggling Australian department-store chain David Jones, which has now more than halved in value in the five years since it was acquired.
Woolworths bought David Jones for A$2.1bn (more than R20bn) in 2014 as part of CEO Ian Moir’s plans to create “a leading southern hemisphere retailer”...
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