Big W for sale?
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.