Woolworths goes large after dry spell
A wrenching three years of self-help appear to be over — now it’s growth time, says CEO Roy Bagattini, notwithstanding a much grimmer environment for the retailer’s two key markets
07 September 2023 - 05:00
Woolworths shareholders will have to swallow some short-term pain given CEO Roy Bagattini’s ambitious R10bn investment plan.
But he describes it as the “single biggest opportunity to reset value” since he took over in the first quarter of 2020...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.