Big W for sale?

Big WPrivate equity firms, including KKR & Co and TPG Capital, are reportedly interested in buying discount department store, Big W, from Woolworths.

Bloomberg reports that investors have held early talks with Woolworths and the chain could be valued at about $1.5 billion.

Woolworths chairman, Gordon Cairns, who was appointed in August, is currently leading the search for a new CEO for the supermarket giant.

In FY15 Woolworths suffered a 12.5 per cent slide in its full year profit, reporting a net profit of $2.15 billion down from $2.45 billion in FY14.

In August, Alistair McGeorge, then-MD of Big W, resigned after 14 months at the helm of the chain.


1 comment

  1. Avatar

    Doug Maxwell posted on October 23, 2015

    If Big W goes, whats left? Not a good look. Woolworth Supermarkets, lift your game reply

Comment Manually

I have read and agree to the Terms and Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Inside Retail Polls

What will most disrupt the traditional checkout counter in the next 10 years?


.@Wesfarmers to purchase @catch_au for $230 million, with @Kmart_Australia and @Targetaus to benefit from the marke…

4 days ago

Australian brand house #Gazal acquired by @PVHcorp in order to have greater control over its brands, such as…

2 weeks ago

Two thirds of Aussies are looking for discounts online says @PayPalAU, while retailers seek to slow price markdowns…

3 weeks ago

FREE NEWS BRIEFS Get breaking news delivered