AUSTRALIA: Woolworths denies looking to buy Foodland’s Farmers chain
Australian grocery retailer Woolworths has denied it is considering acquiring the Farmers New Zealand department store chain belonging to rival Foodland.
Australian grocery retailer Woolworths has denied it is considering acquiring the Farmers New Zealand department store chain belonging to rival Foodland.
“We’re not in the high-margin, low-volume business,” Woolworths chief executive Roger Corbett was quoted by Reuters as saying, have repeatedly stressed that his company is only interested in buying low-margin, high-volume businesses.
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