Woolworths may divest Big W
Woolworths [ASX: WOW] may be moving ahead with plans for the potential divestment of its department store chain Big W, The Australian’s Dataroom reported.
According to the unsourced report, Goldman Sachs is advising Woolworths on Big W, which may interest a South African buyer eager to strengthen its presence in Australia.
The report noted that Woolworths may also be considering selling the business to a private equity firm. The paper said that Australian retail figures such as Brett Blundy or Jan Cameron may also be buyers, the paper said.