Woolworths Archives - Inside Retail Asia
Woolworths accused of Masters “stitch up”
Woolworths ordered to produce documents sought by its US partner in the failed Masters hardware chain.
How retailers use Pokemon Go to connect with consumers
How retailers use Pokemon Go to connect with consumers – cashing in on augmented reality.
Woolworths Australia launches on Tmall
Woolworths Australia has launched an online store on Tmall Global, the overseas platform of Alibaba Group’s B2C Tmall business in China.
Woolworths buys Chinese liquor chain
Woolworths has bought itself a foothold in China’s growing wine and drinks market, acquiring one of the country’s largest alcoholic drinks distributors. The retail giant has acquired Summergate Fine Wine and Spirits, which distributes imported alcoholic beverages across China and also owns a retail business called Pudao Wines. Woolworths is one of Australia’s largest drinks businesses and owns the Dan Murphy’s, BWS and Cellarmasters brands. The liquor division has been one of the retail…
Singaporeans buy Australian malls
Singapore-listed Sim Lian Group has expanded its regional footprint with the acquisition of five shopping centres in Australia. The five properties – which sold for A$133 million (approximately S$152 million) are located in Lake Munmorah and Jordan Springs in New South Wales, Lucas and Tarneit Gardens in Victoria and Rothwell in Queensland, the latter set for completion in April 2014. The portfolio was acquired through an off-market transaction from Fabcot Private, a wholly-owned subsidiar…
Hutchison takes U-turn over ParknShop
Hutchison Whampoa says it is scrapping plans to sell its supermarket chain ParknShop. The Hong Kong-based company, owned by Asia’s richest man Li Ka-Shing, says it will focus on Chinese expansion instead. Hutchison had in July decided to sell ParknShop, with 345 stores in Hong Kong, mainland China and Macau, for $4 billion. The sale was said to be part of a strategy to trim assets to grow profits in difficult times. ParknShop is Hong Kong’s second largest supermarket chain in terms of mark…
Aussie giant still hoping for Hong Kong deal
Woolworths is preparing to submit a final bid for Li Ka-Shing’s ParknShop, the second largest grocery chain in Hong Kong. The supermarket chain is said to be willing to pay 15 to 16 times earnings before interest, tax, depreciation and amortisation, which would equate to a sale price of about US$3 billion, reports The Australian Financial Review. Woolworths CEO, Grant O’Brien, has repeatedly refused to confirm or deny that Woolworths is interested in ParknShop, which was put up for sal…
CP All eyes ParknShop
Thai company CP All is the newest bidder confirmed for ParknShop. Acquiring the Hong Kong supermarket chain which is for sale for $4 billion would expand the Thai company’s portfolio of retail brands which include convenience chain 7-Eleven and cash-and-carry business Siam Makro. An unnamed retail analyst in Bangkok said acquiring ParknShop would be another jigsaw piece to complete its retail network’s development in the region. ParknShop has also attracted interest from companies inclu…
Aeon, Australians in race for ParknShop
Hutchison Whampoa’s sale of its supermarket chain attracts strong interest.
