Woolworths, a dominant force in Australia’s retail landscape, is navigating a rare three-day losing streak after delivering an unexpected blow to investors. The company recently revised its first-half FY25 earnings guidance, announcing an anticipated figure between AUD 1.48 billion and AUD 1.53 billion. This estimate represents a 5.6% decline compared to the first half of […]
The Australian Competition and Consumer Commission (ACCC) said that retailing giant Woolworths Group’ proposal to acquire 65% stake in foodservice distributor PFD Food Services for AUD 552 million ($426 million) will raise competition concerns. The competition regulator will now launch a detailed probe into the deal, that was announced in August 2020. It expects to […]
