Woolworths: call to spin off R48bn food division
If Salmour Research had its way, there’d be two Woolies tickers on the JSE. But just how feasible is its idea?
Should Woolworths spin out and list its wildly successful food business?
It’s an intriguing proposal, contained in a new report by analysts Rod Salmon and Chris Gilmour of Salmour Research, who also suggest Woolies ditch its entire Australian venture — not just its disastrous David Jones department store foray...