AUSTRALIA > Woolworths acquires 100% of Australian menswear Politix

woolworths According to its press release, Woolworths (publicly listed in Johannesburg as “WHL”) wholly owned subsidiary, Country Road Group, had entered into an agreement to acquire Politix, a market-leading retailer in Australian menswear design. The amount offered to Politix is not disclosed. Management at WHL puts this acquisition as “consistent with WHL’s southern hemisphere strategy of building a strong and diversified More …