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 […]
In a significant move for the non-dairy industry, Forbidden Foods Limited has successfully completed the acquisition of Oat Milk Goodness, marking a pivotal step in the company’s aggressive expansion strategy. The acquisition, confirmed on September 27, 2024, follows the approval at the company’s Extraordinary General Meeting on September 20, 2024, where shareholders overwhelmingly supported the […]
The Australian Competition and Consumer Commission (ACCC) has accepted a crucial undertaking from Petstock Pty Ltd (Petstock), entailing the divestiture of a package of assets, including 41 retail stores, following an investigation into the company’s past acquisitions. This decision clears the path for Woolworths (ASX: WOW) to acquire a 55 per cent controlling interest in […]
Woolworths, an Australian trans-Tasman retailer, has agreed to acquire 55% of interest in Petspiration, a pet food retailer, for an enterprise value of approximately AUD 1.7 billion, assuming net debt of around AUD 670 million. The acquisition is expected to increase Woolworths’ presence in the pet retail space. Petspiration owns and runs PETstock, a retail […]
Woolworths Group has offered to acquire a stake of around 80% in MyDeal.com.au (MyDeal), an Australian online marketplace, in a deal that values 100% of the latter at A$243 million. In this regard, the Australian supermarket company has signed a scheme implementation agreement (SIA) with MyDeal. Shareholders of the ASX-listed online marketplace are being offered […]
Australian Pharmaceutical Industries (API) said that retailing company Woolworths Group has taken back its non-binding indicative proposal, announced last month, to acquire 100% of the company for AUD 850 million ($610.5 million). The Australian health and beauty company said that the scheme implementation deed (SID) with Wesfarmers Limited remains intact and is on track to […]