First Masters, now Big W’s future under doubt

On Wednesday, experts were advocating that Woolworths dump its struggling Masters business but today it’s the future of Big W under the spotlight. Magellan Financial Group founder Hamish Douglass, has weighed in on the performance of the mass merchant which was launched in 1976, describing both Masters and Big W as “albatrosses.”

Woolies in good spot to reset agenda

Woolworths Corp is regrouping after a profit crash of 12.5% to $2.146 billion and the departure of chairman Ralph Waters (formerly managing director of Email Ltd prior to its sale to Electrolux). Although the company is now without a permanent head of either the Supermarket business or Big W, it is possibly in the best position to move forward under fresh leadership.

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